The company will issue .2 million units of primary shares in a bid to increase its investment in tourism and hotel sector inform the company.
Bal Krishna Shiwakoti, Director of the company said that the IPO will be issued within the next four months. He added that out of total units, the company will issue 10 percent to locals of the affected area and the remaining 90 percent to the general public.
In this regard, the company has appointed Nabil Investment Bankings as its issue manager.
Similarly, the company has planned to invest in hotel in the area, given that, despite having huge tourism potential, the area lack good hotel to accommodate internal and external tourists.
The work for that will begin from the Nepalese new year. The company will also increase the capacity of the cablecar, said Shiwakoti.
