IPO Proposal of Hotel Ichchha Added to SEBON's Pipeline

The IPO proposal of Hotel Ichchha Limited has been added to SEBON's pipeline.

Hotel Ichchha has submitted a proposal to issue 35 lakh shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 35 crore for the company.

Himalayan 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.

ICRA Nepal Limited has assigned Hotel Ichchha Limited an issuer rating of [ICRANP-IR] BB, indicating a moderate risk of default in meeting financial obligations. This rating reflects the general creditworthiness of the company and is not tied to any specific debt instrument. The rating scale ranges from AA to C, with plus (+) or minus (–) signs indicating relative positions within each category.

Hotel Ichchha Limited (HIL), a five-star hotel with 97 keys in Simara, Bara. It was incorporated as a private limited company in September 2015, and was converted into a public limited company on June 03, 2024. The hotel was granted a five-star license in March 2023 (earlier 4-star). HIL’s registered office is at Tinkune, Kathmandu and it was promoted by Mr. Ichchha Bahadur Wagle and his family members/associates.