Budhanilkanth Heritage will issuing IPO

Feb Thu 2024 02:04:45

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Budhanilkanth Heritage will issuing IPO

Kathmandu. Budhanilkanth Heritage Limited (Lemon Tree Premier) is going to issue ordinary shares to the general public. The company is about to issue 1.5 million shares at the rate of 15 percent of the issued capital i.e. 1.5 million shares at a face value of 100 rupees per share.

For which the company has appointed Global IME Capital as the issuing and sales manager. In this regard, a bilateral agreement regarding issue of shares has been completed between the company and Capital. The agreement was signed by Babu Kazi Karki, Managing Director on behalf of Budhanilkanth Heritage and Mandip Luitel, Chief Executive Officer on behalf of Global IME Capital.

V.No. The registered (central) office of Budhanilkanth Heritage Limited, which was registered as a private limited company in the year 2075 and transformed into a public company in the year 2078, is Budhanilkanth Municipality Ward No. 1, is located in Kathmandu. After the public issue of the primary shares of this company, which has an investment of Rs 85 crore by the founders, the paid-up capital will reach Rs 1 billion.