RBB Merchant Banking Appointed Issue Manager for KTM Hospitality’s Upcoming IPO

KTM Hospitality Limited, operating under KTM Group Holdings with a paid-up capital of Rs. 45 crores, has appointed RBB Merchant Banking Limited as the issue manager for its upcoming Initial Public Offering (IPO). The company plans to issue 12.5 lakh shares at a face value of Rs. 100 per share, amounting to Rs. 12.5 crores.

A formal agreement for the IPO issuance and management was signed on 18th Ashad, 2082, between KTM Hospitality and RBB Merchant Banking. The signing took place at the head office of Rastriya Banijya Bank in Kathmandu. Representatives from both organizations, including their chief executives, were present for the agreement.

KTM Hospitality is preparing to launch a luxury five-star resort—The Royal Tulip—in Chitwan, in partnership with France’s prestigious Louvre Hotels Group. RBB Merchant Banking, a wholly owned subsidiary of Rastriya Banijya Bank, will oversee the IPO process.