NIC Asia Capital Limited and Hotel Eastern Nepal Limited have signed an agreement appointing NIC Asia Capital as the issue and sales manager for the company’s Initial Public Offering (IPO). Under its “Idea to IPO” service, NIC Asia Capital will provide comprehensive financial and advisory services required to transform Hotel Eastern Nepal into a public company and facilitate the IPO issuance process.
Hotel Eastern Nepal, currently under construction in Mechinagar Municipality–10, Dhulabari, Jhapa, is an international-standard five-star hotel. The hotel will operate under the Holiday Inn Express & Suites brand, and the company has already signed an agreement with an international hotel group for its management.
The project is in its final phase of construction and aims for a soft opening within the current fiscal year 2082/83. Once operational, the hotel will offer facilities including a casino, high-end gaming and entertainment services, a rooftop swimming pool, modern rooms and suites, a banquet hall, multi-cuisine restaurant, rooftop restaurant, jacuzzi, spa, health club, in-house laundry, and professional housekeeping services.
Located approximately 7 kilometers from the India–Nepal border and about 27 kilometers from Bagdogra Airport in India, the hotel is strategically positioned to target Indian tourists. The company expects the operation of Hotel Eastern Nepal to significantly contribute to the development and promotion of tourism not only in eastern Nepal but across the country.
NIC Asia Capital has been providing advisory services through its “Idea to IPO” initiative with the objective of converting private companies into public entities, facilitating share issuance processes, and enabling entry into Nepal’s capital market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
