Hotel Bhadgaon and Resort is set to issue 15 lakh ordinary shares through an IPO to raise approximately Rs 15 crore for expansion and upgrades.
Hotel Bhadgaon and Resort is preparing to issue 15 lakh units of ordinary shares (IPO) to the general public. Through this issuance, the company aims to raise approximately Rs 15 crore in capital. The proceeds will be used to expand the business and upgrade its existing infrastructure and services.
To move forward with the IPO process, the company has appointed Muktinath Capital Limited as the issue manager. An agreement was officially signed between Nihal Rajbhandari, Managing Director of Hotel Bhadgaon, and Kabindra Dhoj Joshi, Chief Executive Officer of Muktinath Capital, during a formal ceremony.
Established in 2021, Hotel Bhadgaon is located in the heart of the UNESCO-listed area of Bhaktapur. Currently, the hotel operates with 40 well-facilitated rooms. With the capital raised from the IPO, the hotel plans to expand its offerings significantly. The expansion will include the construction of 100 new rooms, a spa, fitness center, parking area, seminar and conference halls, and a dedicated destination wedding venue.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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