The IPO allotment of Bandipur Cable Car & Tourism Limited is expected to be completed by next Wednesday.
According to the issue manager Nepal SBI Merchant Banking Limited, the IPO pre-allotment has not yet been conducted. However, the pre-allotment process is expected to be completed by Sunday, and the final allotment will be announced by Wednesday next week.
Bandipur Cable Car & Tourism Limited had issued 43,41,080 units of ordinary shares to the general public from Bhadra 11 to 15, 2082 B.S. A total of 25,12,122 investors applied for the shares, which created a demand for 2,98,69,440 units. The total value of the applications amounted to Rs. 2 arba 98 crore 69 lakh 44 thousand.
The IPO received almost seven times more demand than the available shares. Out of all the applicants, only 4,34,108 investors will be allotted shares, with each successful applicant receiving 10 units. Around 20,78,014 investors will not receive any shares due to the high oversubscription.
The IPO result of Bandipur Cable Car & Tourism Limited can be checked through three platforms.
- Nepal SBI Merchant Banking Limited – [|| Nepal SBI Merchant Banking Limited]
CDSC IPO Result Portal – iporesult.cdsc.com.np
Mero Share Account – meroshare.cdsc.com.np
Applicants can view their results by entering their DP ID and other required details.
📌 This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
