Kathmandu. Nagarkot Resort Limited has started the process to bring IPO from the hotel and tourism sector in the capital market of Nepal. The Securities Board of Nepal (SEBON) has applied for the IPO to the Securities Board of Nepal (SEBON).
Nagarkot Resort Limited will issue IPO worth Rs 150 million. As per the agreement, the resort will issue a total of 15 lakh units of ordinary shares at a face value of Rs 100 to the general public.
NMB Capital has been appointed as the issue manager for the IPO issuance while Jyoti Capital Limited has been responsible for the corporate advisory work.
With the inclusion of the Securities Board of Nepal in the pipeline, new investment opportunities have been added for the investors in the hotel and tourism sector. With the improvement in the tourism industry in recent times, the attraction of investors towards the companies in this sector is increasing.
The IPO approval and issuance process of Nagarkot Resort Limited will proceed as per the regulatory decision of the Securities Board of Nepal.
