Hotel Bhadgaon & Resort, situated in Bhaktapur, has unveiled a Rs. 15 crore IPO, presenting 1.5 million common shares to the public as part of its initiative to enhance its status to five-star level. Since commencing operations in 2021, the hotel fuses traditional Newa architecture with contemporary conveniences and plans to introduce 100 upscale rooms, a wellness spa, a fitness center, along with provisions for conferences and destination weddings.
The IPO will be overseen by Muktinath Capital, and the funding raised will also bolster eco-friendly tourism practices and technology-driven service systems in accordance with Sustainable Development Goals (SDGs). This expansion is anticipated to stimulate tourism, create local job opportunities, and further promote Bhaktapur’s reputation as a leading cultural hotspot in Nepal.
