Today, Magh 26, marks the final day for the general public to apply for the IPO of Hotel Forest In Limited. The company had initially issued the IPO to Nepalese working abroad and completed the allocation in the first phase before opening it to the general public.
The IPO, approved by the Nepal Securities Board, is being offered at NPR 100 per share, with a total of 3,320,000 shares allocated for general investors. Applicants can apply for a minimum of 10 shares and a maximum of 200,000 shares. NIC Asia Capital Limited is managing the issuance and sale of the shares.
According to CDSC data, by Sunday evening, 1,894,657 applicants had submitted applications for the IPO. These applicants applied for a total of 21,543,800 shares, equivalent to NPR 2,154,380,800.
The number of applications is 6.47 times higher than the number of shares issued for the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
