Orchid Holdings Limited Gets SEBON’s Nod for NPR 1.15 Billion IPO

GP Chudal

Orchid Holdings Limited

Orchid Holdings Limited Gets SEBON’s Nod for NPR 1.15 Billion IPO

Orchid Holdings Limited, a leading company in the Hotel & Tourism sector, has secured approval from the Securities Board of Nepal (SEBON) to issue 11,500,000 shares to the public, raising NPR 1,150,000,000 in capital. This is a major achievement for the company, which demonstrates its dedication to the hospitality industry and its vision to become a major player in Nepal’s hospitality landscape.

The company has appointed Laxmi Capital Market Ltd. as the issue manager, who will facilitate the issuance process. The company plans to use the funds raised to expand its services, introduce novel experiences, and enhance guest services in the hospitality sector.

The company is known for its top-notch hospitality, which includes operating a four-star hotel in Kathmandu, named “Hotel Crowne Imperial”. The company’s ambitious plans are expected to draw significant interest from investors and stakeholders who want to support the development of the hospitality industry in Nepal.

The company has not announced the issuance date yet, but stay tuned for more updates on Orchid Holdings Limited’s journey in the hospitality sector, as it takes bold steps to redefine the hospitality experience in the country.

You can also view all upcoming IPOs in Nepal.

Suggested: Everything you need to know about IPO in Nepal.
Published on: Jan 19, 2024

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