Doleshwor Village Resort Plans IPO of 16.20 Lakhs Shares

Doleshwor Village Resort and Farm House Limited has proposed issuing 16.20 Lakhs ordinary shares, equivalent to 30% of its issued capital, to the general public.

The decision was made at the company’s 11th Annual General Meeting held at its resort in Sipadol, Suryabinayak Municipality-8, Bhaktapur. The company has already applied to the Securities Board of Nepal (SEBON) for approval to issue the IPO.

The resort plans to use the IPO proceeds to expand its facilities and upgrade the property to a four-star standard. The planned expansion includes additional rooms, a swimming pool, spa, jacuzzi, seminar hall and entertainment areas.

The AGM also elected Ramnath Mainali, Buddhaprasad Pokhrel, Dor Bahadur Bhandari, Srishti Pokhrel, Chhabilal Luintel and Dhruvraj Pokhrel as directors. Mainali has been appointed chairperson, while Tikadhwaj Bhandari has been selected as the independent director.