Bandipur Cable Car IPO Opens to the Public: Your Investment Opportunity Awaits!
Are you looking for a new investment opportunity? The highly anticipated Bandipur Cable Car & Tourism Limited IPO is opening soon! Starting from Bhadra 11th, 2024, the Bandipur Cable Car IPO is now available to the general public, presenting a fantastic chance to invest in Nepal‘s growing tourism sector.
Previously, the company successfully allocated shares to locals within the project area, Nepalese citizens working abroad, employees, and mutual funds. Now, it’s your turn to get in on the action!
As per authorization received from the Securities Board of Nepal (SEBON), the company is issuing a total of 5,860,000 shares, representing 20.7067% of its capital, which totals 2.83 billion rupees. In this second phase, the company is offering 4,341,080 shares to the general public at a face value of 100 rupees per share. This IPO represents a significant moment for investors in Nepal looking to diversify their investment portfolio.
Investing in IPOs has never been easier! Interested investors can apply for a minimum of 10 shares and a maximum of 20,000 shares. The Bandipur Cable Car IPO is scheduled to close on Bhadra 15th, 2024, with a final closing date set for Bhadra 25th, 2024 at the latest. Don’t miss out on this chance to invest in a promising company!
Bandipur Cable Car has received a ‘CARE-NP BB (Issuer)’ rating from CARE Ratings Nepal, indicating a moderate level of risk. The estimated cost of the project is 3.85 billion rupees, with an expected investment payback period of approximately 8 to 10 years. This IPO therefore presents itself as a potentially lucrative investment in the long-term that will likely generate good returns.
The IPO‘s issue manager is Nepal SBI Merchant Banking Limited. Applying for the Bandipur Cable Car IPO is straightforward, you can utilize the C-ASBA system or apply online through Mero Share. So, what are you waiting for? Start your investment journey today! Explore new investment opportunities in Nepal with the Bandipur Cable Car IPO. This is your opportunity to be a part of something special. Don’t delay – apply for the Bandipur Cable Car IPO now!
