Dusit Thani Himalayan Resort to Launch IPO: Citizens Capital to Manage Public Offering
Kathmandu, get ready! Omstone Hotels Limited, the entity behind the luxurious Dusit Thani Himalayan Resort, is preparing for a public offering (IPO). The company has appointed Citizens Capital Limited as the issue manager and selling manager for the initial public offering (IPO).
A formal agreement was signed on Wednesday, solidifying the partnership. Representing Omstone Hotels Limited (Dusit Thani Himalayan Resort) was Managing Director Ramesh Kumar Hamal, while Chief Executive Officer Sabir Bade Shrestha signed on behalf of Citizens Capital Limited. Under the agreement, Citizens Capital will oversee the primary share public offering process for the Dusit Thani Himalayan Resort. The ceremony saw the presence of key foreign investor, Vishnu Mor.
The Dusit Thani Himalayan Resort, which began operations in the fourth quarter of 2023, is a flagship luxury resort of the renowned Thai hotel brand, Dusit International. Located in Patlekhet, Dhulikhel, Kavrepalanchok, the resort offers stunning views of the Himalayas and the valley. Built to international standards and employing cutting-edge technology, the resort is a testament to luxury and is part of a tourism landscape that is aiming for sustainable tourism.
The resort aims to act as a catalyst in achieving the nation’s high tourism recognition goals, contributing to the wider Nepal tourism sector. This aligns with the Nepal government‘s tourism goals.
Dusit International, a global hospitality chain, currently provides hospitality services in 18 countries, and Dusit Thani Himalayan Resort (Omstone Hotels Limited) represents the brand in Nepal. Situated approximately 38 kilometers from Kathmandu, the resort offers a peaceful and picturesque environment, frequently hosting conferences, seminars, and events for various organizations. It’s an excellent choice for conferences in Nepal.
Citizens Capital Limited is a leading financial institution that offers a comprehensive suite of financial services, including financial advisory services, investment management, and mutual funds. The company is headed by Chairman Rajendra Lal Shrestha and CEO Sabir Bade Shrestha. Citizens Capital is authorized by the Nepal Securities Board to conduct operations directly related to investors. Citizens Bank, Employees Provident Fund, and prominent industrialists and businesspeople are co-investors in Citizens Capital, which is working to make stock market access easier for all in Nepal. This is part of a bigger focus on financial inclusion in the Nepal stock market. This IPO is an exciting development for investment opportunities in Nepal.
