Today (Bhadra 15) is the final day to apply for the initial public offering (IPO) of Bandipur Cable Car and Tourism Limited. The IPO was opened to the general public on Bhadra 11.
Under this IPO, the company has issued 4,341,080 ordinary shares for public subscription. Applicants can request a minimum of 10 shares and a maximum of 20,000 shares. Nepal SBI Merchant Banking Limited is managing the sale of this issuance.
Earlier, the company had allocated shares specifically for local residents of Tanahun and Gorkha districts, as well as Nepali workers employed abroad. The Securities Board of Nepal (SEBON) granted permission for the IPO on Asar 19. In total, the company plans to issue 5,860,000 ordinary shares, equivalent to Rs. 586 million, to the public.
According to CDSC data, as of Saturday evening, 2,131,070 applicants had applied for the Bandipur Cable Car IPO. These applicants submitted requests for a total of 25,521,210 shares, valued at Rs. 2.55 billion.
This demand is approximately 58.73 times higher than the number of shares issued for the public offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
