Summary:
Bandipur Cable Car & Tourism Ltd. has completed its IPO allotment. Over 4.34 lakh applicants received shares, while nearly 20.78 lakh applicants were unsuccessful.
Bandipur Cable Car & Tourism Limited has successfully completed the allotment of its initial public offering (IPO). The company issued 4,341,080 shares to the general public from Bhadra 11 to 15, 2082 B.S.
The IPO attracted applications from 2,512,122 applicants, totaling Rs. 2,986,944,000 for 29,869,440 shares. The demand was nearly seven times higher than the number of shares issued, resulting in around 2,078,014 applicants not receiving any shares, while 434,108 lucky applicants were allotted shares at a rate of 10 shares per applicant. The IPO was managed by Nepal SBI Merchant Banking Ltd.
Applicants can check their IPO allotment status through multiple channels, including Nepal SBI Merchant Banking Ltd., the CDSC IPO Result Portal, and Meroshare accounts. To view the result, applicants must enter their DP ID and other relevant details.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
