NIC Asia Capital Launches 'IDEA to IPO' for Classic View Resort's Public Share Offering

Mon, Apr 22, 2024 11:37 AM on Latest, Corporate,

NIC Asia Capital is offering an "IDEA to IPO" service designed to guide companies from inception through to the public issuance of shares. Recently, they signed a bilateral agreement with Classic View Resort Limited, which is under construction in Budhanilkantha, Kathmandu.

This agreement covers issuing and selling 10,50,000 shares, amounting to 14 percent of the issued capital of the resort. Classic View Resort, boasting a 19 ropani site, is 65 percent complete and is managed by a team with over a decade of experience in various sectors including real estate.

The resort aims to attract both domestic and foreign tourists due to its proximity to Tribhuvan International Airport and offers luxurious accommodations, dining, entertainment, and an eco-friendly environment. It also has a management agreement with the "Royal Tupil" brand by Sarovar, a renowned Indian brand.

Companies interested in the "IDEA to IPO" service can contact Mr. Damodar Rayamajhi, Chief Merchant Banking Officer of NIC Asia Capital, for consulting services necessary for public issuance.