Bandipur Cable Car & Tourism Limited has opened its IPO for the general public from Bhadra 11, offering over 4.3 million shares after completing issuance for locals and migrant workers.
Bandipur Cable Car & Tourism Limited has officially opened the Initial Public Offering (IPO) for general investors from Bhadra 11. Earlier, the company had already issued primary shares to project-affected locals and Nepali migrant workers abroad.
Out of the company’s total issued capital of Rs. 2.83 billion, it plans to float 20.70% shares, equivalent to 5.86 million units worth Rs. 586 million. In the first phase, 566,000 shares were issued to project-affected locals, and 529,400 shares to migrant workers.
In the second phase, the company has opened 4,341,080 shares for general investors. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares.
The application deadline is set for Bhadra 15, with a possible extension until Bhadra 25 if the issue remains undersubscribed.
Nepal SBI Merchant Banking Limited is managing the IPO. Investors can apply through SEBON-approved C-ASBA member banks and financial institutions or via the Mero Share portal.
This article was originally published on https://bajarkochirfar.com. Translated and optimized with AI assistance, finalized by our editorial team.
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