Siddhartha International Hotel to Issue Ordinary Shares to the Public; Muktinath Capital Appointed as Issue Manager

Siddhartha International Hotel Limited, part of Siddhartha Hospitality, is preparing for its initial public offering (IPO) with Muktinath Capital overseeing the process. The IPO, scheduled within this fiscal year, aims to offer 10% of the company's total issued capital to the public.

Siddhartha Hospitality manages luxury accommodations like the five-star Siddhartha Vilasa and four-star Siddhartha Boutique Hotel in Boudha and Bhairahawa respectively, along with various ancillary services. Muktinath Capital, known for its expertise in investment management and securities services, will manage the IPO issuance and sales.