Bandipur Cable Car IPO Opens Today! A Guide for Investors
Are you ready to invest in a unique tourism opportunity? Bandipur Cable Car and Tourism Company Limited has just launched the first phase of its Initial Public Offering (IPO) today, offering a chance to own a piece of this exciting venture. This is great news for those interested in stock market investments!
The Bandipur Cable Car IPO offers 5,860,000 shares at a par value of NPR 100 per share. The IPO was approved by the Securities Board of Nepal (Sebon) on July 4th. This initial phase is specifically for local residents affected by the project and Nepali citizens working abroad.
Who Can Apply for the IPO?
This IPO offers a focused investment opportunity for specific groups:
- Project-Affected Locals: Residents of Bandipur and Abu Khaireni municipalities (all wards), Bhannu Municipality-1, and Palungtar Municipality-7 of Gorkha can apply. This provides a great opportunity for the local community to benefit directly from the project.
- Nepali Citizens in Foreign Employment: This IPO is also available to Nepali citizens working in foreign employment, offering a chance to diversify their investment portfolio.
Important Dates and Details for IPO Application
- Minimum Investment: You can apply for a minimum of 10 shares.
- Maximum Investment: The maximum you can apply for is 20,000 shares.
- For Foreign Employed Nepali Citizens: The deadline to apply is July 24th.
- For Project Affected Locals: The deadline to apply is August 5th.
- Note: The deadlines might be extended if necessary.
Key Information for IPO Applicants:
The company has been rated ‘CARE NP BB’ by CARE Ratings Nepal. The issue manager for the IPO is Nepal SBI Merchant Banking Limited.
What’s Next for Investors?
The general public will be able to apply for the IPO in the second phase. Keep an eye out for further announcements regarding the opening date for the general public. Stay tuned for updates on the stock market for exciting financial news and opportunities! This is a great opportunity for retail investors!
This is a great opportunity to explore investment opportunities and diversify your investment strategy. Remember to do your own financial research before making any investment decisions. Good luck to all those who are participating in the Bandipur Cable Car IPO!
