Today (Sawan 9) is the final day for Nepalis working abroad to apply for the IPOs of Bandipur Cablecar & Tourism Ltd. and Swastik Laghubitta Bittiya Sanstha Ltd.
Today (Sawan 9) is the last day for Nepalis working abroad to apply for the IPOs of Bandipur Cablecar and Tourism Company Limited and Swastik Laghubitta Bittiya Sanstha Limited. Bandipur Cablecar opened its IPO on Sawan 6 specifically for Nepalis abroad and project-affected locals. The company is issuing a total of 58.6 lakh shares at Rs. 100 each, with 5,29,400 shares allocated for Nepalis working abroad and 5,66,000 shares reserved for locals affected by the project. Applications for the foreign employment quota can be submitted until 5 PM today, while the application period for locals continues until Sawan 20. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares.
Swastik Laghubitta started issuing its IPO from Ashar 27, targeting Nepalis working abroad. The company has permission to issue 2,31,000 shares at Rs. 100 each, of which 23,100 shares have been allocated for migrant workers. Applicants in this category may apply for at least 10 shares and up to 5,000 shares.
Recently, the Securities Board of Nepal (SEBON) reduced the IPO application period for Nepalis abroad from 15 days to 4 days, which shortened the application window for Bandipur Cablecar. Both IPOs have received applications exceeding the allocated shares. Therefore, the application process for migrant workers will close today at 5 PM. Interested applicants can apply through the Meroshare app or via C-ASBA member banks and financial institutions offering online services.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
