Thamel Plaza Hotel and Suites to Issue 10 Lakh Shares in IPO | Application Submitted To SEBON
November 21, 2024 | Investopaper
Thamel Plaza Hotel and Suites 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 Karthik 21, 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 10,00,000 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 10 crores.
The company has appointed Nepal SBI Merchant Banking Limited as issue and sales manager. The agreement for public offering has already been signed between the company and Nepal SBI Merchant Banking in this regard.
About Thamel Plaza Hotel and Suites Limited
Thamel Plaza Hotel and Suites Limited, was incorporated in January 5, 2012 as a private limited company. Later on July 13, 2023, the company was converted into a public company in order to issue the shares the general public.
The company is operating a four-star hotel under the commercial name of ‘Ramada Encore Kathmandu Thamel’ since January 08, 2021.
Recommended:
