Bandipur Cable Car IPO allotment process has been completed. The allotment was done today at the office of the issue manager, NEPAL SBI MERCHANT BANKING LIMITED.
Nearly 20 lakh people applied
A total of 4,341,080 units shares worth NPR 4,34,108,000 were reserved for general public. The allotment lottery has determined the lucky applicants, with lucky ball no 3 and the rest will receive refunds soon.
Bandipur Cable Car opening price range?
According to the company’s financial report for fiscal year 2080/81, its Earnings Per Share (EPS) stands at NPR -0.38, while its net worth per share is NPR 95.24 Based on NEPSE’s rule of allowing up to three times the net worth, the official opening price range for Bandipur Cable Car’s shares is expected to be between NPR 95.24 and NPR 285.72.
AllStocksInfo prediction
Since Bandipur Cable Car is a Hotel and tourism IPO. Based on current demand trends and sector uniqueness, AllStocksInfo predicts that the trading price per unit could potentially range between NPR 800 to NPR 1000 once listed on NEPSE.
