Hotel Forest Inn Limited will conduct the allotment of its IPO shares for the general public on Falgun 4, as confirmed by issue manager NIC Asia Capital.
Hotel Forest Inn Limited is set to complete the allotment of shares issued through its Initial Public Offering (IPO) for the general public on Monday, Falgun 4, 2082. The company’s issue manager, NIC Asia Capital Limited, has announced that the share allotment will take place in the morning of that day.
The company had issued a total of 33,20,000 ordinary shares to the general public from Magh 22 to Magh 26, 2082. Prior to this, the portion of shares allocated for Nepalis working abroad had already been issued and allotted.
Approval for the IPO issuance was granted by the Nepal Securities Board (SEBON) on Poush 20, 2082.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
