Muktinath Capital has been appointed as the issue manager for the Initial Public Offering (IPO) of Asian Hotel. An agreement was signed by Asian Hotel Chairman Paras Adhikari and Muktinath Capital CEO Kabindra Dhwaj Joshi.

Asian Hotel, based in Rupandehi, will issue 3.5 million shares at a face value of Rs. 100 each, raising Rs. 350 million. The funds will be used to upgrade the hotel to a five-star standard and develop additional infrastructure, including a sports complex and health and fitness facilities.

Currently, the hotel operates with 66 well-equipped rooms, a spa, fitness center, casino, banquet hall, outdoor garden, and facilities for high-level seminars, conferences, and destination weddings. Following the IPO, Asian Hotel plans to expand its services to major cities including Pokhara, Kathmandu, and Chitwan, according to Chairman Adhikari.