Hotel Forest Inn has scheduled its second Annual General Meeting (AGM) for Shrawan 30 at 8 a.m. in Budhanilkantha, Kathmandu, marking a key step in its transition to becoming a publicly traded company. This AGM comes after the board meeting on Shrawan 7, where members agreed to move forward with an Initial Public Offering (IPO) plan worth NRs. 40 crore.
The company has already submitted an application to the Nepal Securities Board seeking approval to issue 4 million shares at NRs. 100 each. This IPO is a major milestone for Hotel Forest Inn and opens the door for public investment in one of Nepal’s growing hospitality brands.
The upcoming AGM will cover important topics such as the annual report for fiscal year 2081/82, the auditor’s report, and the appointment of new auditors for 2082/83. These agenda points will offer shareholders a detailed view of the company’s financial health and future direction.
To ensure smooth IPO execution and regulatory compliance, NIC Asia Capital Limited has been appointed as the IPO manager. Their expertise will help guide the listing process professionally and transparently, boosting investor confidence.
The IPO marks a bold step toward capital expansion and stronger market presence for Hotel Forest Inn in Nepal’s competitive tourism sector. As the company prepares to go public, it also sets an example for other hospitality businesses looking to grow through public investment. With its second AGM and IPO plan, Hotel Forest Inn is not just expanding it’s reshaping the investment landscape in the country.
