Asian Hotel Appoints Muktinath Capital as Sales & Issue Manager Ahead of Rs. 35 Crore IPO

Asian Hotel, a prominent hospitality establishment in Bhairahawa, Lumbini, known for its four years of excellent service, is planning to expand its business by issuing 35 lakhs ordinary shares via IPO to raise Rs. 35 crore. The funds will be used to upgrade hotel facilities to a five-star standard, develop a sports complex, and enhance health and fitness infrastructure.

Muktinath Capital Limited has been appointed as the sales and issue manager for the IPO. Established in 2021 near the UNESCO World Heritage site of Lumbini, the hotel currently offers 66 rooms, a spa, a fitness center, a casino, a banquet hall, a garden, and event facilities. Post-IPO, Asian Hotel plans to expand to other major cities like Pokhara, Kathmandu, and Chitwan, generating local employment and promoting tourism while emphasizing sustainable and technology-driven hospitality management.