Hotel Park Land Applies for Approval to Issue Rs. 150 Million IPO

Hotel Park Land Limited has applied to the Securities Board of Nepal for approval to issue an Initial Public Offering (IPO). The company has submitted a formal application seeking permission to float its shares in the primary market. Under the proposed plan, the hotel intends to raise Rs. 150 million by issuing 1.5 million ordinary shares at a face value of Rs. 100 per share. Citizens Capital Limited has been appointed as the issue and sales manager for the IPO.