Kathmandu. Visitor Resort Limited is going to issue an initial public offering (IPO) to the general public.

Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance.

The agreement regarding the appointment was signed on behalf of the Visitor’s Resort Chief Executive Officer Arya Shumsher J. v. The agreement was signed between Rana and Ashish Gauchan, Managing Director of Prabhu Capital.

As per the agreement, the company will issue 30% shares of the issued capital to the general public. All the work related to the IPO issuance and sale process will be completed in compliance with the prevailing Acts, Regulations, Directives and Regulatory Standards.

The resort is built in the Mughal architectural style. The main feature of the resort is the beautiful view of 22 mountain ranges from various rooms and private balconies.

With its serene surroundings, attractive geographical location, mountainous scenery and event-friendly infrastructure, the resort is poised to be a suitable destination for leisure, family stays, corporate events, conferences, weddings and other social events.

Combining natural beauty and entertainment with modern hospitality, the resort has been providing quality accommodation, food and entertainment to both domestic and foreign tourists.

The company has a long-term plan to further expand its services and infrastructure in the coming days to upgrade it into a five-star integrated resort and enhance the quality of hospitality service targeting the tourists.

The resort has a lot of land. It is said that the road section from Koteshwor to Dhulikhel has reached the final stage and it will be possible to reach the resort from Kathmandu in 45 minutes under normal conditions.