Bandipur Cable Car & Tourism Closing IPO to General Public from Bhadra 15
August 31, 2025 | Investopaper
Bandipur Cable Car & Tourism Limited is currently issuing the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public will open from Bhadra 11, 2082 BS.
The company is selling 43,41,080 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 20,000 shares.
The public offering will close on Bhadra 15, 2082 BS.
The company has allotted 2,64,700 shares to the mutual fund schemes and 1,58,820 shares to the employees of the company.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Shrawan 6, 2082 BS.
The company had floated 5,66,000 shares to the locals of the project affected areas of the Tanahu and Gorkha district. Due to full-subscription, the IPO to locals was closed on Shrawan 20, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 20,000 shares.
Similarly, the company had issued 5,29,400 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Shrawan 6, 2082 BS. Due to full-subcription of shares, the IPO to foreign employed Nepalis was closed on Shrawan 9, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 20,000 shares.
In total (including the first and second phase of the IPO), the company has plans to sell 58,60,000 unit shares at a par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 58.60 crores.
For this purpose, Securities Board Of Nepal (SEBON) has given the approval to the company on Ashad 19, 2082 BS. Only after the permission from the regulatory body SEBON, the company can issue the shares to the public.
The company has appointed Nepal SBI Merchant Banking Limited as the issue and sales manager. The agreement for public offering has already been signed between the company and Nepal SBI Merchant Banking Limited on this regard. Mr. Ram Chandra Sharma, Chairman of Bandipur Cable Car & Tourism Limited and Devraj Adhikari, CEO of Nepal SBI Merchant Banking inked the agreement.
After the IPO (if fully subscribed), the general public will own 20.7067 percent shares in the company while the promoters will hold the remaining 79.29 perceht shares. The paid-up capital of the company will reach Rs. 2.83 Arba after the IPO.
About Bandipur Cable Car & Tourism Limited
Bandipur Cable Car & Tourism Limited was incorporated on January 6, 2013.
The company is currently operating a cable car and a hotel project in Bandipur of Tanahu district.
The cable car route, starting from Bandipur-4, Thuldhunga and ending at Baralthok in the same ward, offers scenic views, including Siddha Cave in Bimalnagar, claimed to be the largest in Asia. The cable car, spanning 1.6 kilometers, is set to reach the height of Bandipur through the side of Siddha Cave.
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