City Hotel's IPO Application

Today, Baisakh 28, is the last day to apply for the issuance and sale of initial shares (IPO) by City Hotel Limited to the general public from Baisakh 25th

As there are more applications than the demand, interested investors will apply for a minimum of 10 shares in the IPO of the hotel. C-ASBA member banks and financial institutions and their branch offices that have received approval from the Nepal Securities Board for the company's IPO can also apply through the C-ASBA system using My Share software. The hotel has 10% of its issued capital of Rs. 1 billion 674 million, i.e. 1674,000 ordinary shares of Rs.100/- per share, equal to the amount of Rs. 13,55,940 ordinary shares reserved for Nepali citizens who are working abroad after receiving work permit from the relevant government agency, 5% i.e. 83,700 ordinary shares for collective investment fund and 4% i.e. 66,960 ordinary shares for company employees. It has been publicly released to the general public.

Likewise, City Hotel has appointed Global IME Capital Limited as the share issue and sales manager.