Hotel Garima Limited Begins IPO Journey with NIMB Ace Capital

Kathmandu – Hotel Garima Limited, the owner of Soaltee Westend Itahari and a prominent luxury hospitality provider in Koshi Province, has officially embarked on its journey to become a publicly listed company. On June 6, the company signed a “Roadmap to IPO” agreement with NIMB Ace Capital Limited, a leading capital market advisor based in Kathmandu.

The signing ceremony, held in the capital, marked a major milestone for Hotel Garima Limited. The agreement was signed by Mr. Binod Poudel, Managing Director of Hotel Garima Limited, and Mr. Sachindra Dhungana, Deputy CEO of NIMB Ace Capital Limited.

Under the agreement, NIMB Ace Capital will serve as the Corporate Advisor for the IPO process. The firm will guide Hotel Garima Limited through the various stages of IPO preparation, regulatory compliance, and institutional readiness. This partnership is expected to strengthen the company’s governance and transparency while ensuring a smooth transition into Nepal’s capital market.

Speaking at the event, Mr. Binod Poudel expressed that the decision to go public reflects the company’s long-term vision for growth and its commitment to expanding investor participation in the hospitality sector. He noted that partnering with an experienced capital market institution like NIMB Ace Capital will help the company meet its regulatory obligations and prepare for sustainable listing.

Mr. Sachindra Dhungana affirmed NIMB Ace Capital’s dedication to providing expert guidance throughout the IPO journey. He added that the firm will support Hotel Garima Limited in enhancing corporate systems and aligning with best practices in capital market operations.

This move signals a significant step for Nepal’s tourism and hospitality industry, particularly in the eastern region. The IPO initiative is expected to attract investment, increase transparency, and contribute to the broader development of the sector.