NIC Asia Capital, Hotel Eastern Nepal sign IPO deal

KATHMANDU: NIC Asia Capital Limited has entered into a bilateral agreement with Hotel Eastern Nepal Limited to act as the Issue and Sales Manager for the company’s upcoming Initial Public Offering (IPO) under its flagship “IDEA to IPO” advisory service.

Under this initiative, NIC Asia Capital provides end-to-end consultancy services to companies across all sectors, guiding them from the incorporation stage through to public listing and IPO issuance, in compliance with prevailing laws and regulatory requirements.

Hotel Eastern Nepal Limited, with its business office located at Mechinagar-10, Jhapa, is developing an international-standard proposed five-star hotel.

In line with the company’s Memorandum of Association and applicable legal provisions, the IPO will be issued to the general public in the future as part of the company’s long-term growth and expansion strategy.

To ensure world-class hospitality standards, Hotel Eastern Nepal has already signed a management agreement with InterContinental Hotels Group Asia Pacific Pte. Ltd. under its globally renowned brand Holiday Inn Express & Suites.

Through this partnership, IHG will play a direct role in hotel operations, management, and overall business development.

Currently in the final stage of construction, the hotel is targeting its soft opening by Jestha 2083.

Upon commencement of operations, the hotel will offer a comprehensive range of five-star facilities and services, including:

• Casino and dedicated high-end gaming & entertainment

• Rooftop swimming pool and rooftop restaurant

• Luxury suites and modern guest rooms

• Multiple dining outlets and banquet halls

• Spa, Jacuzzi, and fully equipped health club

• In-house laundry and professional housekeeping services

Strategically located just 7 km from the Indian border and approximately 27 km from Bagdogra Airport, India, the hotel is well-positioned to cater to Indian and international tourists.

The project is expected to significantly contribute to tourism growth not only in eastern Nepal but also to the country’s overall tourism development and cross-border travel ecosystem.

Under NIC Asia Capital’s “IDEA to IPO” program, private companies can be transformed into public companies and guided through the entire IPO process.

Interested companies seeking professional advisory services for corporate restructuring and public issuance may contact Mr. Damodar Rayamajhi, Chief Merchant Banking Officer at NIC Asia Capital Limited, for further information.