IPO for General Public: Hotel Forest Inn Limited to Issue 33,20,000 Units IPO Shares from Magh 22
Summary
Hotel Forest Inn Limited is launching an IPO on Magh 22, 2082, issuing 3,320,000 shares for the public to support its 5-star hotel project in Budhanilkantha, Kathmandu, which will operate under the Holiday Inn brand beginning October 2023.
Key Points
- Hotel Forest Inn Limited will issue 3,320,000 IPO shares to the general public starting from 22nd Magh, 2082.
- The company is developing a 5-star hotel with 102 rooms in Budhanilkantha, Kathmandu, set to open in October 2023.
- Hotel Forest Inn has signed a license agreement with InterContinental Hotels Group for the Holiday Inn brand.
- NIC Asia Capital Limited is the issue manager and CARE Ratings Nepal Limited rated the company's bank facilities as CARE-NP BB-.
