Hotel Garima Limited Begins IPO Journey, Signs Deal with NIMB Ace Capital

7th June 2025, Kathmandu

Hotel Garima Limited, a Five-Star standard luxury hotel company based in Itahari, Koshi Province, Nepal, and the owner of the Soaltee Westend Itahari hotel property, is planning to go public through an Initial Public Offering (IPO). Today, the Company signed a Roadmap to IPO Service Agreement (Agreement) with NIMB Ace Capital Limited, Kathmandu, marking the initiation of its journey to become a publicly listed company.

The Agreement was formally signed on June 6, 2025, by Mr. Binod Poudel, Managing Director of Hotel Garima Limited, and Mr. Sachindra Dhungana, Deputy CEO of NIMB Ace Capital Limited, during a signing ceremony held in Kathmandu.

As emphasized in the agreement, arrangements have been made for NIMB Ace Capital Limited to serve as the Corporate Advisor, guiding Hotel Garima Limited through the IPO preparation process, ensuring regulatory compliaance, and enhancing institutional readiness.

At the signing ceremony, Mr. Binod Poudel, Managing Director of Hotel Garima Limited, stated that this collaboration with NIMB Ace Capital Limited marks a major milestone as the company moves toward listing on Nepal’s capital market. Mr. Sachindra Dhungana, Deputy CEO of NIMB Ace Capital Limited, expressed his commitment to providing comprehensive advisory support and expertise throughout Hotel Garima Limited’s IPO journey.

This collaboration for the IPO journey reflects Hotel Garima Limited’s commitment to growth, transparency, and expanding investment opportunities within Nepal’s hospitality industry and tourism development, particularly in Koshi Province.

For more: Hotel Garima IPO Journey,