IPO Proposal of Nagarkot Resort Limited Added to SEBON's Pipeline

The IPO proposal of Nagarkot Resort Limited has been added to SEBON's pipeline.

Nagarkot Resort Limited has submitted a proposal to issue 1,500,000 shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 15 crore for the company. NMB Capital Limited has been appointed the issue manager for this issue. The proposal was submitted on Mangsir 15, 2082, at SEBON.

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 (CRNL) has assigned Nagarkot Resort Limited (NRL) an issuer rating of ‘CARE-NP BB (Is)’, indicating that the company carries a moderate level of default risk in meeting its financial obligations on time within Nepal.

Nagarkot Resort Limited (NRL) was incorporated on April 11, 2018, and was later converted into a public limited company on July 7, 2023. The resort has a planned capacity of 75 rooms, of which 24 are currently in operation, while the remaining rooms will be developed through new construction. It aims to provide premium accommodation with spacious, air-conditioned rooms, private bathrooms, and modern amenities, each featuring a balcony or terrace overlooking gardens, the pool, or surrounding mountain scenery.