I would like to know is it possible to host this application in Linux Cpanel. If possible, can you please give the steps.
Cpanel is not supported. You will need direct access to the server and Cpanel is too restricting.
I mean to setup a server, which we can install that manager server
or how about digital ocean
These questions indicate you probably do not have the skills to do this yourself. And this forum is not the place to learn. You should consider the cloud edition.
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Digital Ocean supports Ubuntu. So you can install Manager Server on DigitalOcean using instructions for Ubuntu.
See: Ubuntu | Manager