Nigalo Hotel Limited has formally initiated the process to issue ordinary shares to the public, appointing Muktinath Capital Limited as the sales manager. The agreement was signed during a formal ceremony with Tika Raj Baral, Chairman of Nigalo Hotel, representing the company, and Kabindra Dhoj Joshi, Chief Executive Officer of Muktinath Capital, signing on behalf of the capital firm. Chartered Accountant Anil Paudel was also present, overseeing the proceedings.
The appointment marks a key step toward opening the company to public investment, reflecting growing interest in Nepal’s expanding hospitality and tourism sector. The share issuance aims to raise capital for operational expansion, strengthen market positioning, and promote the hotel as a distinctive destination in Nepal’s competitive tourism landscape.
Public Share Issuance and IPO Details
Nigalo Hotel plans to offer 18,75,000 ordinary shares, equivalent to 25% of the total paid-up capital, to the general public. The process will follow all regulatory requirements to ensure transparency, investor protection, and efficient market access.
The IPO is expected to engage both domestic and international investors, providing an opportunity to participate in a high-end hospitality venture. According to company officials, proceeds from the share issuance will support the hotel’s completion, operational readiness, and strategic expansion in key tourism hubs across Nepal, including Pokhara, Kathmandu, and Chitwan.
A Heritage-Inspired Hospitality Destination
Located in scenic Nagarkot, Nigalo Hotel stands out with its traditional and cultural architectural style, combining heritage charm with modern luxury. The hotel is set to become a landmark destination offering panoramic views of the Himalayas, as well as the Kathmandu, Bhaktapur, and Lalitpur valleys. A unique view tower will allow guests to enjoy unobstructed vistas, establishing the property’s distinct identity in the region.
The hotel’s design and concept emphasize a heritage-inspired guest experience, blending Nepalese cultural motifs with contemporary comfort. This approach aims to attract tourists seeking authentic yet luxurious accommodations, while contributing to the promotion of sustainable tourism in Nagarkot.
Facilities and Long-Term Vision
Nigalo Hotel is nearing its final operational stage and will feature 68 premium rooms, including suites, three banquet halls, three restaurants, a bar, a coffee shop, a spa, a swimming pool, a gym, a meditation room, and a music club. The hotel’s long-term strategy also includes establishing the first casino in the area, adding a unique entertainment dimension for visitors.
Chairman Tika Raj Baral highlighted that the hotel will not only serve as a leisure destination but also generate employment, support local businesses, and contribute positively to the regional economy. “Our vision is to develop Nigalo Hotel as a benchmark for luxury and cultural tourism in Nepal while creating meaningful economic and social impact,” he stated.
Leadership and Strategic Partnerships
The hotel’s founders and promoters bring extensive experience across tourism, banking, hydropower, and education sectors. The operational team is led by seasoned managers with over 25 years of experience in hospitality, ensuring high standards in service, safety, and guest satisfaction.
Furthermore, Nigalo Hotel is actively exploring strategic collaborations with both domestic and international travel agencies to enhance marketing, tourism packages, and guest services. These partnerships are expected to attract more visitors from around the world, strengthening Nepal’s position as a premium travel destination.
Investment and Timeline
The total investment in Nigalo Hotel is projected at approximately NPR 1 billion, with operations expected to commence within four months. The IPO and subsequent share issuance will provide the financial foundation necessary for final construction, staff recruitment, and the launch of world-class hospitality services.
By combining heritage architecture, luxury amenities, and strategic business partnerships, Nigalo Hotel aims to set a new benchmark in Nepal’s boutique and upscale hotel segment, offering unique experiences that celebrate local culture while meeting international standards.
With the appointment of Muktinath Capital as the sales manager and the planned public share issuance, Nigalo Hotel Limited is taking a major step toward community investment, financial transparency, and sustainable tourism growth. Positioned in the scenic and culturally rich Nagarkot region, the hotel promises to be a landmark destination for both domestic and international travelers, while fostering economic development, employment, and long-term tourism promotion in Nepal.
