March 30, 2023 | Investopaper
Bandipur Cable Car & Tourism Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Nepal SBI Merchant Banking Limited as the issue and sales manager.
The agreement for public offering was 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.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.
The company plans to sell 25.8 lakh unit shares at a par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 25.80 crores.
About Bandipur Cable Car & Tourism Limited
Bandipur Cable Car & Tourism Limited was incorporated on January 6, 2013.
The company is currently constructing a cable car and a hotel project in Bandipur of Tanahu district.