4th September 2025, Kathmandu
Omstone Hotels Limited, the operator of the luxury Dusit Thani Himalayan Resort, is preparing to launch its Initial Public Offering (IPO) in Nepal’s capital market.
Omstone Hotels to Issue IPO
This significant move is being managed by Citizens Capital Limited, a well-established investment banking and issue management firm in the country. The partnership, formalized during a signing ceremony, brings a high-profile hospitality company into the public domain, a rare occurrence in Nepal’s stock market.
A Strategic Alliance for Capital Market Diversification
The appointment of Citizens Capital as the issue manager is a crucial step in Omstone Hotels’ IPO process. As the designated firm, Citizens Capital will oversee all aspects of the share issuance, from regulatory compliance to the final distribution of shares. The signing of the agreement was a key event, with Ramesh Kumar Hamal, Managing Director of Omstone Hotels, and Sabir Bade Shrestha, CEO of Citizens Capital, formalizing the partnership. The presence of Bishnu Mor, a lead foreign investor in the resort, underscored the international collaboration and commitment to bringing a world-class hospitality brand to Nepal.
This IPO holds significant strategic importance for the Nepal Stock Exchange (NEPSE) and the broader economy. Historically, NEPSE has been dominated by financial institutions, hydropower companies, and a few manufacturing firms. The entry of Omstone Hotels will provide a much-needed diversification, offering investors a unique opportunity to directly participate in the premium tourism sector. This aligns with Nepal’s national strategy to attract private sector investment to support the post-pandemic recovery and long-term growth of its tourism industry, a key economic driver.
Bridging Luxury Hospitality and Public Investment
Omstone Hotels Limited operates the Dusit Thani Himalayan Resort, a luxury venture that combines renowned Thai hospitality with the breathtaking landscapes of Nepal. The resort is positioned to attract high-end domestic and international tourists, focusing on high-value leisure and wellness experiences. By going public, Omstone Hotels seeks to not only raise additional capital for expansion but also to enhance financial transparency and allow the Nepali public to become a part of the company’s growth story.
During the signing event, Managing Director Ramesh Kumar Hamal emphasized that the IPO marks a new chapter for the company, one that will strengthen its capital base and corporate governance. He highlighted the importance of connecting with the Nepali public and building stronger relationships with local investors. Citizens Capital’s CEO, Sabir Bade Shrestha, expressed strong confidence in the IPO’s success, reaffirming his firm’s commitment to ensuring a transparent and fair process for all investors. The IPO is expected to be well-received, given the high level of investor interest in recent primary offerings in Nepal.
The involvement of a foreign investor, Bishnu Mor, further solidifies the project’s global appeal while also ensuring local participation. This combination of international standards and local investment opportunities is a crucial factor in the project’s long-term sustainability and success.
The Role of the IPO in Nepal’s Economic Landscape
The planned IPO is poised to be a milestone for both Nepal’s capital market and the tourism industry. As tourism continues its strong post-pandemic rebound, luxury resorts like the Dusit Thani Himalayan Resort are anticipated to play a critical role in attracting high-spending travelers, boosting employment, and strengthening the hospitality value chain. The IPO will provide a direct channel for retail and institutional investors to invest in this promising sector, which is projected to grow significantly in the coming years.
The success of Omstone Hotels’ IPO will not only serve as a benchmark for future listings from the hospitality sector but will also send a positive signal to other companies in the real sector, encouraging them to enter the capital market. This will contribute to a more diversified and robust financial ecosystem, capable of mobilizing savings into productive investments across various sectors of the economy.
Conclusion
With the official appointment of Citizens Capital Limited as its issue manager, Omstone Hotels Limited is one step closer to making its market debut. The planned IPO of the Dusit Thani Himalayan Resort is a pivotal event that will introduce a premium hospitality brand to Nepal’s formal capital market. This initiative is set to create a new precedent for corporate growth and investor engagement in the tourism sector, while also providing a unique investment opportunity for the public. By blending luxury tourism with financial market participation, Omstone Hotels is set to play a significant role in Nepal’s economic and financial development.
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