Nagarkot Resort Limited has formally entered Nepal’s primary market pipeline after submitting an Initial Public Offering (IPO) proposal to the Securities Board of Nepal (SEBON). According to the proposal, the company plans to issue 1.5 million ordinary shares at a par value of Rs. 100 per share, aiming to raise Rs. 150 million (Rs. 15 crore) from the public.
The IPO application was submitted to SEBON on Mangsir 15, 2082. Following regulatory approval, the company will float the shares to the general public and local investors. NMB Capital Limited has been appointed as the issue and sales manager for the public offering.
Credit Rating Indicates Moderate Risk
CARE Ratings Nepal Limited (CRNL) has assigned Nagarkot Resort Limited an issuer rating of ‘CARE-NP BB (Is)’, which reflects a moderate level of default risk regarding the company’s ability to meet its financial obligations promptly within Nepal.
The rating provides potential investors with an independent assessment of the resort’s financial stability and creditworthiness ahead of the public issue.
Company Background and Expansion Plan
Nagarkot Resort Limited was incorporated on April 11, 2018, and was later converted into a public limited company on July 7, 2023, in preparation for accessing capital from the public market.
The resort currently operates 24 rooms and has a planned total capacity of 75 rooms. The remaining rooms are scheduled to be developed through new construction under the company’s expansion plan.
Nagarkot Resort aims to position itself in the premium hospitality segment by offering spacious, air-conditioned rooms equipped with modern amenities, private bathrooms, and balconies or terraces that provide scenic views of gardens, swimming pools, and the surrounding mountain landscape.
Toward Public Participation
Upon receiving approval from SEBON, the IPO will allow the public to participate in the ownership of the growing hospitality venture, while providing the company with fresh capital to support infrastructure expansion, service enhancement, and long-term business growth.
The proposed IPO marks an important milestone for Nagarkot Resort Limited as it moves toward strengthening its capital base and expanding its footprint in Nepal’s tourism and hospitality sector.
