IPO Proposal of Nagarkot Resort Limited Added to SEBON's Pipeline
Summary
Nagarkot Resort Limited has proposed an IPO to issue 1.5 million shares valued at Rs. 100 each, aiming to raise Rs. 15 crore, pending SEBON approval.
Key Points
- Nagarkot Resort Limited submitted an IPO proposal to SEBON to issue 1,500,000 shares at Rs. 100 par value each.
- The IPO aims to raise Rs. 15 crore for the company with NMB Capital Limited as the issue manager.
- CARE Ratings Nepal Limited gave Nagarkot Resort Limited an issuer rating of ‘CARE-NP BB (Is)’ indicating moderate default risk.
- Nagarkot Resort Limited was incorporated in 2018 and converted into a public limited company in 2023, currently operating 24 rooms with plans to expand to 75 rooms.
