he IPO proposal of City Hotel Limited is in SEBON's pipeline.
The company has submitted a proposal to the capital market regulator to issue a total of 16.74 lakh shares. This will raise Rs. 16.74 crores for the company.
The application was submitted on Chaitra 30. Global IME Capital has been appointed the issue manager for the public offering.
City Hotel Limited, incorporated on December 05, 2007, the developer and operator of a new five-star hotel, The Hotel Hyatt Place of Soaltee mode, is going to issue of 10% shares of its total paid-up value to the general public, the company’s employees and to the mutual funds. The hotel has 153 room keys and belongs to the Golyan Group of companies. The company is being promoted by 7 shareholders who have infused total paid-up equity of Rs. 938 Mn as on July 15, 2020.
ABOUT City Hotel Limited:
City Hotel and Suites reflects the charm of an ancient city of Kathmandu in its own modern characters. City Hotel is a brilliant hotel offering 40 spacious rooms with notable features to entice your stay and to create a home away from home for you.
Whether in business or holiday, at City Hotel and Suites, you will be minutes away from Kathmandu’s attractions such as Durbar Square, the King’s Palace Museum, Thamel or the Holy Temple Pasupatinath.
City hotel provides a calm, relaxing environment for your well being and assures that your trip is a success.
