Kathmandu. The IPO of Hotel Forest Inn has been allotted on February 14.
AIC ASIA Capital Limited has issued an initial public offering (IPO) at Holiday Inn Resort in Budhanilkantha, Kathmandu. The IPO allotment was scheduled for 9:30 am.
Hotel Forest Inn had opened the IPO to the general public from February 5 to February 9. The hotel had issued Rs 100,33,20,000 units to the general public.
According to NIC Asia Capital, the issue manager, a total of 2,99,78,860 units of shares had been requested from 2,660,452 applicants. Out of this, 2,371,315 applicants have sought 2,57,45,700 units of shares. A total of 2,89,137 applications have been cancelled or rejected due to various reasons.
The IPO of this hotel has also been allotted through lottery due to more applications than the demand. A total of 3,32,000 applicants got 10 units of shares. According to the results of the allotment, out of the total applications applied, 20,39,315 applicants were left empty-handed.
The IPO results will be announced shortly. The final result can be viewed on the website of NIC Asia Capital as well as on CDSC’s ‘My Shares’ and iporesult.cdsc.com.np.
