KTM Hospitality Limited has signed an agreement with RBB Merchant Banking Limited to issue its IPO worth Rs. 12.5 crore. The company plans to launch 12.5 lakh shares at a face value of Rs. 100 each.
KTM Hospitality Signs IPO Agreement with RBB Merchant Banking, to Issue 12.5 Lakh Shares
KTM Hospitality Limited, a company under KTM Group Holdings with a paid-up capital of Rs. 45 crore, has signed an agreement with RBB Merchant Banking Limited for the issuance of its Initial Public Offering (IPO). The company is set to issue 12 lakh 50 thousand shares at a face value of Rs. 100 per share, totaling Rs. 12 crore 50 lakh. RBB Merchant Banking has been appointed as the issue manager for this IPO.
The agreement was signed by Rameshwar Shah, Chairman and CEO of KTM Hospitality Limited, and Badri Prasad Pyakurel, CEO of RBB Merchant Banking Limited. The signing took place at the head office of Rastriya Banijya Bank Limited in Kathmandu, in the presence of the bank’s CEO, Devendra Raman Khanal.
KTM Hospitality is preparing to launch a luxury five-star resort named “The Royal Tulip” in Chitwan, in partnership with France-based Louvre Hotels Group. Meanwhile, RBB Merchant Banking is a fully owned subsidiary of Rastriya Banijya Bank.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
