Hotel Forest Inn’s IPO allotment completed, how to check results?

Bajarko Chirfar
Bajarko Chirfar
2082 Falgun 4
Hotel Forest Inn’s IPO allotment completed, how to check results?

Hotel Forest Inn Limited has completed the allotment of its initial public offering (IPO) issued to the general public. The shares were distributed through a lottery system among eligible applicants following the close of the subscription period.

Hotel Forest Inn Limited had issued a total of 33 lakh 20 thousand ordinary shares to the general public from Magh 22 to Magh 26. According to the issue manager, NIC Asia Capital Limited, the allotment was conducted on Falgun 4 (Monday) morning.

All valid applicants who had applied within the designated period participated in the lottery-based allotment process as per regulatory provisions.

 

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