Bandyapur Cable Car IPO Sees Strong Demand from Nepalese Workers Abroad!
Hey everyone! We’ve got some exciting news from the Nepali stock market today! The Bandyapur Cable Car IPO, specifically aimed at Nepalese citizens working abroad, has already seen a massive response. Early data shows incredible interest!
As of 10:06 AM this Thursday, a whopping 51,759 applicants have applied for a total of 1,146,560 shares! That’s an oversubscription of more than double the initial offering. This highlights the strong interest in IPOs in Nepal and the eagerness of Nepalese expats to invest in their homeland.
What’s the Deal?
The Bandyapur Cable Car is offering 529,400 ordinary shares at a face value of NPR 100 per share, specifically for Nepali citizens employed abroad. This is a fantastic opportunity for foreign employed Nepalese to participate in the growth of this exciting new venture.
How to Apply for the IPO
The application period began on July 21st (Srawan 6th) and is open to Nepalese working overseas who have received labor approval from the relevant Nepali government authorities. To apply, you’ll need to apply for at least 10 shares and a maximum of 20,000 shares. The IPO will close on either July 25th (Srawan 9th) or August 5th (Srawan 20th), depending on demand.
How to Apply for IPO:
The application process is straightforward. Nepali workers abroad can apply through the C-ASBA system via banks and financial institutions participating in ASBA, or through the Mero Share online system managed by the CDSC.
Key Takeaways
This strong initial response to the Bandyapur Cable Car IPO underscores several key points:
- Strong interest in Nepali stocks
- The financial power and investment interest of Nepalese working overseas
- The attractiveness of the cable car project as an investment.
Stay tuned for further updates on this exciting IPO and its impact on the Nepalese economy! This could be a significant investment opportunity, so don’t miss your chance! Remember to consult with a financial advisor before making any investment decisions. This IPO is one of the most talked-about in the Nepali Stock Market, and you’ll want to learn more about how to invest in Nepal. We’ll keep you updated on the stock market as more information emerges. Good luck!
