Hotel Garima Limited has announced plans to issue an Initial Public Offering (IPO) to the general public and has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the offering. The agreement was signed by Binod Paudel, Managing Director of Hotel Garima Limited, and Bijay Lal Shrestha, Chief Executive Officer of Laxmi Sunrise Capital Limited. Under the proposed IPO, the company is preparing to issue 40 lakh ordinary shares at a face value of Rs 100 per share, amounting to a total issue size of Rs 40 crore. Hotel Garima Limited operates a five-star category hotel, Soltee Westend Itahari, located in Itahari of Koshi Province, which is managed by the Soltee Hotel & Resort Group. The hotel features one Royal Suite, eight Suites, eight Executive Rooms, 58 Deluxe Rooms, and seven Studio Rooms, along with two banquet halls, three seminar halls, a spa operated under the “Nuad Thai” brand, a gym, and restaurant and café lounge facilities.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
