Subha International Hospitality Private Limited has officially appointed Muktinath Capital Limited as the issue and sales manager for its upcoming Initial Public Offering (IPO), as the company prepares to issue 20 percent of its issued capital to the general public. The appointment marks a significant step for the hospitality company as it moves toward entering Nepal’s capital market while expanding its footprint in the country’s rapidly growing tourism and hospitality industry.
Agreement signed between Subha International Hospitality and Muktinath Capital
During a formal ceremony organized for the announcement, Chairman of Subha International Hospitality, Kabin Shrestha, and Chief Executive Officer of Muktinath Capital, Kabindra Dhoj Joshi, signed the agreement regarding share issuance and sales management. The event was also attended by company representative Bikash Chaudhary and board director Prashant Tated, among other officials.
International five-star hotel already operational in Biratnagar
With the objective of adding a new dimension to Eastern Nepal’s hospitality and tourism industry, Subha International Hospitality has already been operating an international-standard five-star hotel on Dharan Road in Biratnagar since 30 April 2026. The property has gained special attention as Subha International Hospitality is recognized as Biratnagar’s first internationally branded five-star hotel, marking a major milestone for the city’s tourism and business hospitality infrastructure.
Partnership with India’s Lemon Tree Hotels strengthens global standards
The hotel is being operated under a management partnership with Carnation Hotels Pvt. Ltd., a subsidiary of India’s renowned hospitality group Lemon Tree Hotels. Through this strategic collaboration, the company aims to deliver international service standards while positioning Biratnagar as an emerging hospitality and tourism destination capable of attracting both domestic and international travelers.
Ownership structure led by prominent business promoters
According to company records, ownership of the company is held by four major promoters. Sita Devi Chaudhary Agrawal holds the largest stake at 40 percent, followed by Binay Kumar Choudhary Agrawal with 30 percent, Chairman Kabin Shrestha with 25 percent, and Ganga Khatiwada holding the remaining 5 percent stake. The leadership team says the company is committed to establishing itself as a leading hospitality brand outside Kathmandu while contributing significantly to regional tourism development.
Company targets business travelers, tourism growth and event market
The Subha International Hospitality believes the hotel will play a significant role in expanding tourism activities, increasing regional economic opportunities, and strengthening Nepal’s hospitality industry in eastern Nepal. According to the Subha International Hospitality, the hotel is designed to cater to a wide range of customers including business travelers, domestic and international tourists, corporate conferences, weddings, and other special events.
Alongside world-class accommodation and service facilities, management has also revealed plans to introduce casino operations in the future, expanding entertainment and tourism offerings for both domestic and international visitors. By opening its shares to the public, the company expects to strengthen its financial base while creating investment opportunities for ordinary investors interested in Nepal’s fast-growing hospitality sector.
Equipped with modern facilities and world-class hospitality services, the hotel is expected to play an important role in promoting tourism in Eastern Nepal, expanding regional economic activities, and contributing to the long-term development of Nepal’s hospitality industry. The company has also revealed future plans to expand its entertainment and tourism offerings by introducing a casino operation as part of its broader business strategy.
IPO expected to strengthen investment opportunities in hospitality sector
The company believes that opening its shares to the public will not only create investment opportunities for ordinary investors but also strengthen financial capacity for future expansion projects. As Nepal’s tourism and hospitality sector continues recovering and expanding, industry experts see the move as an important signal of growing investor confidence in high-end hospitality infrastructure outside the Kathmandu Valley.
