Kathmandu: Omstone Hotels Limited (Dusit Thani Himalayan Resort) has officially appointed Citizens Capital Limited as the Issue Manager for its upcoming Initial Public Offering (IPO). The agreement was signed today at a ceremony between Mr. Ramesh Kumar Hamal, Managing Director of Omstone Hotels Limited, and Mr. Sabir Bade Shrestha, Chief Executive Officer of Citizens Capital Limited. The event was also attended by the resort’s principal foreign investor, Mr. Vishnu Mor.

As per the agreement, Citizens Capital will manage the IPO of ordinary shares of Omstone Hotels Limited (Dusit Thani Himalayan Resort), guiding the process in accordance with regulatory frameworks and best practices.

Dusit Thani Himalayan Resort, operating since Q4 2023 in Patlekhet, Dhulikhel, Kavrepalanchok, is the flagship luxury resort of Dusit International, the legendary Thai hospitality brand. Perched on a scenic mountaintop with panoramic views of the Himalayas and valleys, the resort is designed and built to global standards of luxury and sustainability. It represents a landmark in Nepal’s tourism journey as a unique high-value integrated resort and aspires to be a catalyst for Nepal’s “high-value tourism” vision.

Globally, the Dusit Thani hospitality chain operates in 18 countries, offering premium hospitality services. In Nepal, Dusit Thani Himalayan Resort has become a premier destination for both leisure and business, hosting corporate seminars, retreats, and high-profile events in a world-class environment — just 38 km from Kathmandu.

Citizens Capital Limited brings extensive expertise in financial advisory, portfolio management, and mutual funds, and has established itself as a trusted financial services provider in Nepal. With Mr. Rajendra Lal Shrestha as Chairman and Mr. Sabir Bade Shrestha as CEO, the company is regulated by the Securities Board of Nepal (SEBON) and is backed by co-investments from Citizens Bank, Employees Provident Fund, and leading industrialists.

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