Bandipur Cablecar & Tourism Limited will conduct its IPO allotment on Wednesday, Bhadra 25, following pre-allotment procedures completed earlier this week.
Bandipur Cablecar & Tourism Limited is set to allot shares of its Initial Public Offering (IPO) on Wednesday, Bhadra 25. According to the issue manager, Nepal SBI Merchant Banking, the pre-allotment process was completed on Monday.
The company had issued 43,41,080 shares to the general public from Bhadra 11 to 15. The IPO saw strong participation, with 25,12,122 applicants submitting bids. In total, applications were placed for 2,98,69,440 shares, equivalent to Rs. 2 arba 98 crore 69 lakh 44 thousand—nearly seven times the number of shares offered.
Due to the high oversubscription, approximately 20,78,014 applicants will not receive any shares. Only 4,34,108 lucky applicants will be allotted shares, with each receiving 10 units.
How to Check IPO Results
Applicants can check the Bandipur Cablecar & Tourism IPO results through the following platforms:
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
