IPO Proposal of Bandipur Cable Car Approved by SEBON

Initial Public Offering (IPO) proposal for Bandipur Cable Car has been officially approved by the Securities Board of Nepal (SEBON). This significant development paves the way for Bandipur Cable Car to enter the stock market and raise funds for its operations and expansion.

The company plans to issue a total of 5,860,000 shares under the Hotel & Tourism sector, highlighting its role in promoting tourism infrastructure in Nepal. The issue manager for this IPO is Nepal SBI Merchant Banking Ltd., which will manage the share issuance process and ensure smooth coordination between investors and the company.

This IPO offers investors an opportunity to participate in the growth potential of Nepal’s tourism sector, which continues to attract both domestic and international visitors. The approval by SEBON marks a crucial step toward making the project publicly investable and supporting sustainable tourism development.