Kathmandu: Aayu Entertainment Pvt. Ltd., the company behind Fishtail Dream Park – widely regarded as Nepal’s biggest and most advanced amusement and water park – is set to go public with an Initial Public Offering (IPO) worth Rs 300 million (approximately US$ 2.2 million).
The Pokhara-based entertainment firm will issue 3 million ordinary shares at a face value of Rs 100 each, representing 20 percent of its total issued capital. This marks one of the first major IPOs from Nepal’s growing leisure and tourism sector.
Aayu Entertainment has appointed Nepal Life Capital Limited, a subsidiary of Nepal Life Insurance Company, as the issue and sales manager. The agreement was signed by Aayu Entertainment Chairman Kadam KC and Nepal Life Capital CEO Manish Ghimire.
Spread across nearly 57 ropanis (about 29 hectares) of prime land in Pokhara, Fishtail Dream Park is a family-friendly destination offering:
- A full-fledged water park
- Adventure activities including wave pools
- Thrilling rides and games suitable for all age groups
Backed by prominent Nepali business groups including the Sarathi Group and leading tourism entrepreneurs from Pokhara, the park has quickly become a top attraction in the lakeside city, drawing both domestic and international visitors.
Nepal Life Capital is a SEBON-registered merchant banker licensed for portfolio management, underwriting, depository services, and IPO management.
The IPO is expected to provide retail investors an opportunity to own a stake in Nepal’s booming tourism and entertainment industry, especially as post-pandemic travel rebounds strongly in Pokhara. Further details on the opening date and allotment process will be announced after regulatory approval from the Securities Board of Nepal (SEBON).
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