Hotel Sabrina to Float IPO | Appoints NMB Capital as Issue Manager
July 9, 2024 | Investopaper
Hotel Sabrina Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed NMB Capital Limited as the issue and sales manager.
An agreement has been reached between the company and NMB Capital on this regard. The agreement was signed by Mr. Deepesh Kumar Baidya, Chief Executive Officer of NMB Capital and Mr. Niranjan Thapa, Chairman of Hotel Sabrina Limited.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
About Hotel Sabrina Limited
Hotel Sabrina is operated by the “Regenta Place” brand, part of Royal Orchid Hotels, which manages over 100 hotels worldwide. It is located in Budhanilkantha, Kathmandu.
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