The IPO (Initial Public Offering) of Hotel Forest Inn Ltd. is currently in the approval process within the IPO pipeline of the Securities Board of Nepal (SEBON).
Hotel Forest Inn Ltd. has presented a proposal to the regulatory body of the capital market, seeking permission to issue 9,800,000 shares as part of their IPO. This issuance is expected to generate a total of Rs. 98 crores in capital for the company. The formal application for this IPO proposal was submitted on Kartik 15, 2080.
In managing the IPO and ensuring its successful execution, NIC Asia Capital Limited has been appointed as the issue manager, taking on a pivotal role in the public offering process.
It’s worth noting that CARE Ratings Nepal Limited (CRNL) has conducted a rating assessment for Hotel Forest Inn Private Limited’s long-term bank facilities, assigning a rating of ‘CARE-NP BB-‘ to these facilities. This rating provides insight into the creditworthiness and financial stability of the company as it enters the IPO process.
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