Bandipur Cable Car & Tourism Limited will open its Initial Public Offering (IPO) to the general public from Bhadra 11.
The company has already completed the IPO allotment process for locals from the project-affected areas, Nepali migrant workers, employees, and mutual funds. Now, in the second phase, the issue will be available for the general public.
According to the approval from the Securities Board of Nepal (SEBON), the company has received permission to issue 58,60,000 shares, representing 20.7067 percent of its Rs. 2 arba 83 crore capital. Of this, 43,41,080 shares, priced at Rs. 100 per share, are being issued to the general public.
Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. The issue may close as early as Bhadra 15 and no later than Bhadra 25, depending on subscription levels.
Care Ratings Nepal has assigned the company a rating of ‘CARE-NP BB (Issuer),’ indicating a moderate level of risk. The estimated cost of the project is Rs. 3 arba 85 crore, with an investment payback period projected at around 8 to 10 years.
Nepal SBI Merchant Banking Limited is the issue manager for this IPO. Applications can be submitted through the C-ASBA system or online via Mero Share.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
