NIC Asia Capital signs agreement as issue manager for Rupakot Resort IPO

KATHMANDU: NIC Asia Capital and Rupakot Resort have entered into a bilateral agreement appointing NIC Asia Capital as the issue and sales manager for the resort's upcoming Initial Public Offering (IPO) to the general public.

Under the agreement, NIC Asia Capital will provide comprehensive advisory and management services to Rupakot Resort, located in Rupa-6, Maidan, Kaski, to facilitate its public share issuance in accordance with prevailing laws. The partnership comes as part of NIC Asia Capital's 'IDEA to IPO' initiative, which assists companies from various sectors through every stage from company set-up to public listing.

Rupakot Resort, situated near Pokhara in Kaski district, operates in the hospitality sector. The resort features views of the Himalayan range along with Rupa and Begnas lakes, aiming to connect Pokhara Valley tourism with rural and natural experiences. Its facilities cater for domestic and international travellers, corporate meetings, weddings, and private functions.

Through its 'IDEA to IPO' scheme, NIC Asia Capital offers advisory support for converting private entities into public limited companies.