IPO Proposal of Athiti Resort and Spa Added to SEBON's Pipeline

The IPO proposal of Athiti Resort and Spa Limited (ARPL) has been added to SEBON's pipeline.

Athiti Resort and Spa has submitted a proposal to issue 16.25 lakhs shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 16.25 crore for the company.

Prabhu Capital Limited has been appointed the issue manager for this issue.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the local and the general public.

CARE Ratings Nepal Limited  has assigned the issuer rating of ‘CARE-NP BB+’ to Atithi Resort and Spa Public Limited. Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal.

Atithi Resort and Spa Public Limited (ARPL), incorporated on October 12 ,2011, under Company Act, 2063, is a 4-star resort in Pokhara, kaski, Nepal. The hotel is operating with 50 rooms in Pokhara. The hotel has been operating conference hall and offer amenities such as restaurants, a gym and health club, swimming pools and a spa.