Hotel Sabrina Limited to Issue Ordinary Shares to the Public; NMB Capital Appointed as Issue and Sales Manager

Tue, Jul 9, 2024 8:34 AM on Latest, IPO/FPO News, Corporate,

Hotel Sabrina Limited plans to issue ordinary shares to the public through a primary public offering. NMB Capital Limited has been appointed as the securities issue and sales manager for this initiative.

On Ashadh 22, 2081, Nirajan Thapa, Founder and Chairman of Hotel Sabrina, and Deepesh Kumar Vaidya, CEO of NMB Capital, signed the agreement. Thapa stated that the share issuance process will begin promptly after meeting regulatory requirements.

Located in Ganesh Chowk, Budhanilkanth-06, Kathmandu, Hotel Sabrina was named the best hotel in Nepal in 2021 by the Hotel Critics and Bloggers Association and

It is managed by the "Regenta Place" brand of Royal Orchid Hotel, which operates over 100 hotels in more than 48 locations. Hotel Sabrina is the first hotel in Nepal under this brand.