IPO Proposal of Himal Water Park & Village Hotel Added to SEBON's Pipeline
Summary
Himal Water Park & Village Hotel has submitted an IPO proposal to SEBON to issue over 4.1 million shares worth Rs. 41.65 crore, with Kumari Capital Limited as the issue manager. The hotel operates a four-star property in Birgunj and plans full-scale operations by FY 2025.
Key Points
- Himal Water Park & Village Hotel proposed issuing 41,65,000 shares at Rs. 100 par value, raising Rs. 41.65 crore.
- The IPO proposal has been added to SEBON’s pipeline awaiting regulatory approval.
- Kumari Capital Limited has been appointed as the issue manager for the IPO.
- CARE Ratings Nepal Limited assigned a 'CARE-NP B- (Is)' rating indicating high risk on timely financial obligations.
