Asian Hotel Limited has announced plans to issue ordinary shares (IPO) to the public. The company will float 3.5 million shares to raise a total of Rs 350 million. Muktinath Capital Limited has been appointed as the issue manager.
The hotel, located in Bhairahawa, Lumbini, has been in operation for the past four years. Funds raised through the IPO will be utilized to upgrade the hotel to five-star standards and to develop additional infrastructure such as a sports complex and health and fitness facilities.
Established in 2021, Asian Hotel currently operates with 66 fully equipped rooms along with a spa, fitness center, casino, banquet hall, outdoor garden, and premium facilities for seminars, conferences, and destination weddings.
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