Mountain Glory Limited to Issue 40 Lakh Shares in IPO
April 18, 2025 | Investopaper
Mountain Glory Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Chaitra 26, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
If approved by SEBON, the company is planning to float 40,00,000 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 40 crores.
The company has appointed Laxmi Sunrise Capital Limited as issue and sales manager. The agreement for public offering has already been signed between the company and Laxmi Sunrise Capital in this regard.
About Mountain Glory Limited
Mountain Glory Limited, incorporated on May 24, 2007, currently operates deluxe standard resort “Mountain Glory Forest Resort Spa” in Dovilla, Pokhara.
Asian Life Insurance Company Limited is the major institutional shareholder with almost 40 percent ownership in the company.
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