The Securities Board of Nepal (SEBON) has added the Initial Public Offering (IPO) proposal of Apex Hospitality Limited (AHL) to its official pipeline, moving the company a step closer to entering the capital market.
Apex Hospitality Limited has applied to issue 2,400,000 ordinary shares to the public, aiming to raise Rs. 24 crores through the offering. The proposal was filed with SEBON on Ashwin 12, 2080. Himalayan Capital Limited has been appointed as the issue manager for the IPO process.
Apex Hospitality
According to Infomerics Credit Rating Nepal Limited, the company has been assigned a credit rating of IRN B+ (Is) [Single B Plus (Issuer)]. This rating indicates a high risk of default regarding the timely servicing of financial obligations.
Apex Hospitality Limited, previously known as Apex Multiplex Limited, was incorporated on August 11, 2017. The company owns and operates a six-story commercial building with a total built-up area of approximately 43,460 square feet. The facility houses two movie theatres operated under the renowned “QFX Movies” franchise.
Expanding its presence in the hospitality sector, the Hospitality began commercial operations of a two-star hotel in September 2024. The hotel, which includes 34 rooms, is operated under a five-year management agreement with Siddhartha Business Group of Hospitality Private Limited (SBGH), a prominent name in Nepal’s hospitality industry. SBGH is responsible for the branding, management, and daily operations of the hotel.
