Bandipur Cable Car & Tourism Limited has opened its Initial Public Offering (IPO) for the general public from Bhadra 11.
Earlier, the company had already issued shares to project-affected locals and Nepalis working abroad. Out of the company’s total issued capital of Rs. 2.83 billion, it has allocated 20.70% (5.86 million shares worth Rs. 586 million) for the public. Among these, 566,000 shares were allotted to project-affected locals and 529,400 shares to migrant workers.
Now, in the second phase, 4,341,080 shares have been opened for general investors. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares.
The application period will remain open until Bhadra 15, and if not fully subscribed, it may extend until Bhadra 25.
Nepal SBI Merchant Banking Limited is the issue manager. Investors can apply through approved C-ASBA member banks, financial institutions, or via Mero Share.
