Nepalirika Hotel to raise Rs 500M via public share issue

KATHMANDU: Nepalirika Hotel Limited, a premier hospitality enterprise dedicated to excellence in Eastern Nepal, has announced the issuance of 5,000,000 ordinary shares at a face value of Rs 100 each, totaling Rs 500,000,000, for the general public.

Laxmi Sunrise Capital Limited has been appointed as the issue and sales manager for this share offering.

A bilateral agreement formalizing the share issuance was signed on Magh 29, 2082 BS at Laxmi Sunrise Capital Limited, New Baneshwor, Kathmandu, by Mr. Bhole Shwar Dulal, Chair of Nepalirika Hotel Limited, and Mr. Vijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited. The hotel plans to launch the share offering in the near future.

This strategic move underscores Nepalirika Hotel Limited’s commitment to corporate transparency, business growth, and the expansion of investment opportunities in Nepal’s hospitality and tourism sector, particularly in Morang Province.

Located in Biratnagar, Eastern Nepal, Nepalirika Hotel offers 146 elegantly designed rooms and suites, alongside expansive multi-functional spaces ideal for luxury weddings, sophisticated conferences, and corporate events.

The hotel’s Damak branch features 39 tastefully furnished rooms and suites, along with restaurants and bars housed in a heritage block designed in traditional Nepali architectural style.

The property also provides banquet and conference facilities for 50 to 1,500 guests, as well as a swimming pool, catering to diverse event and hospitality needs.