Shubh International Hospitality Limited has initiated preparations to launch its Initial Public Offering to the general public. To manage the entire public issue process, the hospitality company has officially appointed Muktinath Capital Limited as its sales and issue manager.
An agreement to this effect was signed by Kabin Shrestha, Chairman of Shubh International Hospitality, and Kabindra Dhwaj Joshi, Chief Executive Officer of Muktinath Capital, during a recent signing ceremony. Under the terms of the agreement, the company plans to float 20 percent of its total issued capital to the general public through the upcoming public offering.
Boosting Eastern Nepal’s Tourism
Aiming to add a new dimension to the tourism sector of eastern Nepal, the company operates an international-standard five-star hotel on Dharan Road in Biratnagar. The hospitality company has highlighted that this property is established as the very first five-star hotel operating under an international brand in Biratnagar.
The hotel has been offering world-class hospitality services tailored for business travelers, domestic and international tourists, conferences, corporate events, weddings, and other special gatherings. Alongside these premium services, the company has also shared its future expansion plans, which include the operation of a casino on its premises.