Hotel Forest Inn Limited has set Magh 8 as the final day for applications in its initial public offering (IPO) aimed at Nepalese working abroad. In the first phase, the company issued 400,000 shares starting Magh 4 for Nepalese with labor approval for foreign employment.
Investors can apply for a minimum of 10 shares and a maximum of 200,000 shares in this IPO. NIC Asia Capital is acting as the issue manager for the share sale. After completing the IPO for overseas Nepalis, the company plans to open the IPO to the general public.
The Securities Board of Nepal (SEBON) granted approval for Hotel Forest Inn Limited’s IPO on Poush 20. The company plans to issue a total of 4 million shares, equivalent to Rs. 40 crore, in the offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
