Hotel Garima signs Roadmap to IPO Service Agreement with NIMB Ace Capital

KATHMANDU: Hotel Garima, a five-star standard luxury hotel company based in Itahari, Koshi Province, and owner of the Soaltee Westend Itahari hotel property, is planning to go public through an initial public offering (IPO).

The company signed a Roadmap to IPO Service Agreement with NIMB Ace Capital in Kathmandu on Friday, marking the initiation of its journey to become a publicly listed company.

The agreement was formally signed by Binod Poudel, Managing Director of Hotel Garima, and Sachindra Dhungana, Deputy CEO of NIMB Ace Capital, during a signing ceremony held in Kathmandu. Under the agreement, arrangements have been made for NIMB Ace Capital to act as the corporate adviser, guiding Hotel Garima through the IPO preparation process, ensuring regulatory compliance and enhancing institutional readiness.

At the signing ceremony, Binod Poudel stated that the collaboration with NIMB Ace Capital marks a major milestone as the company moves towards listing on Nepal’s capital market.

Deputy CEO of NIMB Ace Capital, Dhungana, expressed his commitment to providing comprehensive advisory support and expertise throughout Hotel Garima’s IPO journey.

This collaboration for the IPO journey reflects Hotel Garima’s commitment to growth, transparency and expanding investment opportunities within Nepal’s hospitality industry and tourism development, particularly in Koshi Province.