Bandipur Cable Car and Tourism Company Limited is set to open the first phase of its Initial Public Offering (IPO) from Shrawan 6, 2081 (July 21, 2024). In this phase, only project-affected local residents and Nepalis working abroad will be eligible to apply.
The company is offering 58.6 lakh shares at a face value of Rs. 100 per share. Of this, 5,66,000 shares are allocated for project-affected locals, and 5,29,400 shares for Nepalis in foreign employment. Applicants may apply for a minimum of 10 shares and a maximum of 20,000 shares.
For Nepalis abroad, the application deadline is Shrawan 9 (July 24), which may be extended to Bhadra 20 (September 5) if undersubscribed. For locals affected by the project, the application period ends on Shrawan 20 (August 4), extendable to Bhadra 4 (August 20) if needed.
Nepal SBI Merchant Banking Limited is the issue manager. Application forms will be available at the ward offices of project-affected areas, the company’s website and office, and the merchant banker. Nepalis abroad can apply through the Mero Share app or C-ASBA member banks.
Following this initial offering, the company plans to open the second phase of the IPO for the general public.
The company has received a ‘CARE NP Double B’ credit rating, indicating a moderate level of risk.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
