Tag: Hotel

  • Thamel Plaza Hotel & Suites Calls 12th AGM with Agendas Including Auditor Appointment and Share Issuance; Credit Watch by CARE Ratings Nepal Limited

    Thamel Plaza Hotel & Suites Calls 12th AGM with Agendas Including Auditor Appointment and Share Issuance; Credit Watch by CARE Ratings Nepal Limited


    Thamel Plaza Hotel & Suites Limited has announced its 12th Annual General Meeting (AGM) scheduled for 7th Chaitra, 2080, at Thamel Plaza Hotel & Suites in Kathmandu, beginning at 4:00 PM. The proposed agenda items encompass the approval of the annual report, endorsement of the auditor’s report for the fiscal year 2079/80, including Profit and Loss statements, financial reports, and cash flow reports. Other topics to be addressed during the AGM include the appointment of auditors and the determination of their remuneration for the upcoming fiscal year 2080/81. Additionally, discussions will take place regarding the issuance of ordinary shares to the general public.

    Meanwhile, CARE Ratings Nepal Limited (CRNL) has placed Thamel Plaza Hotel & Suites Private Limited’s (TPHS) ratings of ‘CARE-NP BB’ for long-term bank facilities and ‘CARE-NP A4’ for short-term bank facilities on ‘credit watch with negative implications’.

    Thamel Plaza Hotel & Suits Limited, incorporated on January 05, 2012, is currently in the process of establishing a high-end hotel property in Thamel, Kathmandu, operating under the well-known brand name ‘Ramada Encore Kathmandu Thamel’. With construction completed, the hotel boasts a total of 90 room keys. TPHS is promoted by 37 shareholders, including two institutional promoters, and has injected a total paid-up equity of Rs. 271 Mn as of July 16, 2019.

  • Soaltee Hotel Limited Q2 FY 2080/2081: Net Profit Rs. 26.31 Crores, 9.44% Revenue Growth

    Soaltee Hotel Limited Q2 FY 2080/2081: Net Profit Rs. 26.31 Crores, 9.44% Revenue Growth


    Soaltee Hotel Limited (SHL) reported an impressive net profit of Rs. 26.31 crores in the second quarter of the fiscal year 2080/2081, marking a significant increase from Rs. 25.14 crores in the same period last year.

    During this quarter, the company’s total revenue saw a notable rise of 9.44%, reaching Rs. 1.05 Arba, compared to Rs. 96.01 crores in the previous year’s corresponding quarter. At the same time, total expenses for the quarter stood at Rs. 73.28 crores.

     

  • Akama Hotel Schedules SGM to Issue IPO at Rs. 50

    Akama Hotel Schedules SGM to Issue IPO at Rs. 50


     

    Akama Hotel Limited has scheduled a Special General Meeting (SGM) for the 14th of Falgun, 2080. The meeting will take place at the company’s registered office located in Akama Hotel, Dhumbarahi, Kathmandu, starting at 11:30 AM.

    One of the key agendas for the meeting is to propose issuing an Initial Public Offering (IPO) to the general public, along with increasing the authorized, issued, and paid-up capital of the company. Additionally, there will be a discussion regarding splitting the existing face value of 100 rupees into 50 rupees, as well as revising the articles of association and regulations. Another agenda is to determine the remuneration, allowances, and facilities for the directors.

  • Budhanilkantha Heritage Hotel Calls 5th AGM with IPO Proposal and ICRA Nepal Rating

    Budhanilkantha Heritage Hotel Calls 5th AGM with IPO Proposal and ICRA Nepal Rating


    Budhanilkantha Heritage Hotel Limited has announced its 5th Annual General Meeting (AGM), scheduled for the 27th of Poush, 2080 (equivalent to January 11, 2024). The meeting will take place at the company’s registered office in Budhanilkantha, Kathmandu, Nepal, beginning at 4:00 p.m.

    Among the various agendas, one notable item is the proposal to issue an Initial Public Offering (IPO) representing 15% of the company’s issued capital. Additionally, the AGM will cover the endorsement of the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will be discussed, along with the approval of decisions made by the board of directors. There is also an agenda empowering the Board of Directors to make essential amendments, additions, reductions, or alterations in the Articles of Association and Regulations during the issuance of the IPO.

    ICRA Nepal has assigned a long-term rating of [ICRANP] LB+ to the NPR 900-million long-term loans (including proposed limits) of Budhanilkantha Heritage Private Limited (BHPL).

    Incorporated in November 2018, Budhanilkantha Heritage Private Limited serves as a special-purpose vehicle (SPV) for the ownership and operation of a proposed nine-storied 5-star hotel under construction in Budhanilkantha, Kathmandu. The plot size for the hotel is approximately 5,820 square meters. The promoter group comprises professionals, including chartered accountants, doctors, and private entrepreneurs. BHPL represents the first hotel project for the promoter group and is currently under construction, with targeted commercial operations expected to commence in December 2021.

  • NEPSE Index Witnesses Slight Decline of 0.11% Amidst Mixed Sector Performances

    NEPSE Index Witnesses Slight Decline of 0.11% Amidst Mixed Sector Performances


    The Nepal Stock Exchange (NEPSE) Index experienced a marginal decline of 2.17 points or 0.11% compared to the previous day’s closing, settling at 1,894.53 points. The preceding trading day had witnessed a loss of 11.27 points for the index. The trading session commenced with the index opening at 1896.4, reaching an intraday low of 1,885.23, and peaking at an intraday high of 1,902.63.

    During today’s session, 290 different stocks were traded in 47,333 transactions, involving the exchange of 4,727,902 shares. The total turnover amounted to Rs. 1.28 arba. The float market capitalization and total market capitalization were Rs. 10.19 Kharba and Rs. 29.21 Kharba, respectively.

    Sonapur Minerals And Oil Limited (SONA) led in turnover for the third consecutive day, concluding at a market price of Rs. 301.20 with the highest turnover of Rs. 8.49 crores.

    Buddha Bhumi Nepal Hydropower Company Limited (BNHC) emerged as the top gainer of the day, achieving a growth of 9.97%. Conversely, Narayani Development Bank Limited (NABBC) suffered the most significant loss with a decline of 5.33%.

    With the exception of “Finance Index,” “Hotels And Tourism Index,” “HydroPower Index,” “Manufacturing And Processing,” and “Mutual Fund,” all other sector indices closed in the red. The “Hotels And Tourism Index” experienced the most significant gain of 3.33%, while the “Trading Index” incurred a loss of 0.99%.

  • NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover

    NEPSE Index Surges 1.13% with Sonapur Minerals And Oil Leading Turnover


    The NEPSE Index experienced a positive shift, gaining 20.67 points or 1.13% from the previous day’s closing, reaching a conclusion at 1,850.33 points. In contrast, the index had suffered a loss of 23.82 points in the preceding trading day. The trading day commenced with an opening index of 1830.11 and fluctuated between an intraday low of 1,816.40 and an intraday high of 1,850.54.

    During the day’s session, there were 294 different stocks involved in 43,583 transactions, with a total of 4,213,285 shares traded, resulting in a turnover of Rs. 1.08 arba. The market capitalization, based on the float, amounted to Rs. 9.95 Kharba, contributing to an overall market capitalization of Rs. 28.52 Kharba.

    Sonapur Minerals And Oil Limited (SONA) led in turnover with a market price of Rs. 283, totaling Rs. 10.76 crores. The highest gainer for the day was Buddha Bhumi Nepal Hydropower Company Limited (BNHC), showing an increase of 10%. Conversely, Sayapatri Hydropower Limited (SPHL) experienced the most significant loss, recording a decrease of 8.15%.

    In terms of sector performance, all sector indexes closed positively, with the exception of the “Mutual Fund” sector, which saw a marginal loss of 0.03%. The “Hotels And Tourism Index” exhibited the highest gain at 3.49%.

  • Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM

    Soaltee Hotel Limited Proposes 31.58% Dividend for FY 2079/80 and Announces 49th AGM


    Soaltee Hotel Limited (SHL) has put forward a substantial dividend proposal of 31.58% for the fiscal year 2079/80. Additionally, the company has announced its 49th Annual General Meeting (AGM), scheduled for Poush 26, 2080.

    During a board of directors meeting convened on Mangsir 01, 2080, the decision was made to allocate the proposed 31.58% dividend for the fiscal year 2079/80. The breakdown of the dividend includes 26.57894737% in the form of cash dividends and 5% in the form of bonus shares from the paid-up capital. The company’s current paid-up capital stands at Rs. 88.47 Crores, making the bonus shares valued at Rs. 44,235,753 and the cash dividend at Rs. 235,147,950. It’s important to note that the cash dividend encompasses the tax amount applicable to the bonus shares.

    The book closure date for the proposed dividend and the AGM has been set for the 5th day of Poush, 2080. Consequently, shareholders who are recorded on or before this date are eligible to receive the dividend payout and are invited to participate in the AGM.

  • Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores

    Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores


    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.

  • NEPSE Index Rises 0.47%: Hotel and Tourism Sector Leads Gains

    NEPSE Index Rises 0.47%: Hotel and Tourism Sector Leads Gains


    Introducing the Nepal Stock Exchange (NEPSE) Index, a dynamic and resilient platform for investors seeking opportunities in the ever-evolving world of stocks. In today’s trading session, the NEPSE Index surged by an impressive 9.24 points, marking a 0.47% gain over the previous day’s closing, after a brief setback of 17.56 points. The trading day began with an opening index value of 1,958.87, reaching an intraday low of 1,957.23, but ultimately soaring to an intraday high of 1,976.19, showcasing its potential for both cautious and adventurous investors. With a whopping 284 diverse stocks traded in 58,741 transactions, totaling 4,323,021 units and an impressive turnover of Rs. 1.18 Arba, NEPSE proves itself as a bustling marketplace. Its market capitalization stands at a substantial Rs. 30 Kharba, with a float market capitalization of Rs. 10.56 Kharba, offering a wealth of investment opportunities and the promise of financial growth for those who dare to explore the possibilities it presents.

     

  • can’t put buy order for Soaltee Hotel Limited

    can’t put buy order for Soaltee Hotel Limited


    Does anybody has any idea why can’t we buy **Soaltee Hotel Limited (SHL)** less than 100 kitta?

    View on r/NepalStock by Pretty_Ad351

  • how do i sell 30 kitta of SHL (soaltee hotel)

    how do i sell 30 kitta of SHL (soaltee hotel)


    like the title says. Just 30 kitta bechna namilne ho SHL ko? k garne tesko aba?

    View on r/NepalStock by jeff-321