Thamel Plaza Hotel & Suites Limited has called its Annual General Meeting (AGM) for September 16, 2026, to seek approval for issuing 22.5 lakh ordinary shares to the general public through an IPO. The AGM will authorize the Board of Directors to complete the necessary IPO procedures and undertake business expansion, including land acquisition.
The meeting will also approve Thamel Plaza Hotel & Suites Limited’s FY 2082/83 annual report and financial statements, appoint an auditor for FY 2083/84, and authorize necessary amendments to the company’s constitutional documents if required by regulators. The company has appointed Nepal SBI Merchant Banking Ltd. as the issue and sales manager for the proposed IPO. Further details, including the IPO opening and closing dates and application procedures, will be announced after regulatory and preparatory processes are completed.
22.5 Lakh Shares To Be Offered To The Public
The proposed public offering of Thamel Plaza Hotel & Suites Limited will make 22.5 lakh shares available to general investors. Through the issue, Thamel Plaza Hotel and Suites is set to expand public participation in the company and provide individual investors with an opportunity to invest in a business operating within Nepal’s hospitality industry. The shares will be offered in accordance with the terms and conditions to be specified in the official issue documents and regulatory approvals.
The public offering could attract interest from investors seeking exposure to tourism, hotels and hospitality related businesses, particularly as these sectors remain closely connected to Nepal’s travel and service economy. However, the issue has not yet opened, and no applications can be submitted until the company publishes the formal announcement. Investors should wait for the official notice before making investment decisions, as the announcement will contain important information about the issue size, application period, eligibility requirements and other conditions.
Nepal SBI Merchant Banking Appointed As Issue Manager
Thamel Plaza Hotel and Suites has appointed Nepal SBI Merchant Banking Ltd. as the issue and sales manager for its proposed public offering. The merchant bank will oversee the offering process, including documentation, coordination with authorities and communication with prospective investors. The appointment marks an important step in preparing the company’s shares for issuance to the general public. Nepal SBI Merchant Banking will also help ensure that the offering follows applicable rules and procedures and will support the organization of the application and distribution process.
Further details, including the issue opening date and application procedures, will be announced through official notices and issue documents. Investors should rely on confirmed information from the company and the appointed issue manager rather than unofficial reports or social media discussions.
Issue Date and Application Process to Be Announced
The company has not yet announced the exact issue date, application period or application procedure for the public offering. These details will be released through an official notice after the necessary approvals and arrangements are completed. The notice is expected to include the opening and closing dates, application method, minimum requirements and other conditions for investors.
Until then, prospective applicants should avoid relying on unconfirmed information and follow the official communication channels of Thamel Plaza Hotel and Suites and Nepal SBI Merchant Banking Ltd. for updates. Investors should also review the prospectus and other official documents for details about the company, its financial position, risks and use of funds before deciding whether to participate.
