Bandipur Cable Car and Tourism Receives Approval to Launch IPO
Bandipur Cable Car and Tourism has received SEBON approval to issue an IPO worth NPR 586 million by offering 5.86 million shares at NPR 100 each. The IPO represents 20.71% of the company’s capital, with Nepal SBI Merchant Banking managing the sale.
Bandipur Cable Car and Tourism has officially obtained approval from the Securities Board of Nepal (SEBON) to proceed with its Initial Public Offering (IPO). The regulator has authorized the company to raise NPR 586 million through the issuance of new shares.
The company plans to issue 5.86 million shares, each with a face value of NPR 100. This offering represents 20.71% of the company’s total issued capital, providing investors with an opportunity to participate in the company’s growth journey.
Currently, the founding group holds shares valued at NPR 2.24 billion, which constitutes 79.29% of the total issued shares. Following the completion of the IPO, the company’s paid-up capital is expected to increase to NPR 2.83 billion, strengthening its financial base.
Nepal SBI Merchant Banking Limited has been appointed as the IPO sales manager, tasked with overseeing the share issuance and distribution process.
This IPO marks an important milestone for Bandipur Cable Car and Tourism, as it seeks to expand its operations and capitalize on growing tourism demand.