Bandipur Cable Car IPO Distribution Tomorrow: Find Out If You’re a Winner!
Are you eagerly awaiting the Bandipur Cable Car IPO results? Get ready, because the IPO is being distributed tomorrow, Wednesday, August 25th! Nepal SBI Merchant Banking, the issue manager, has announced that the pre-allotment has already taken place on Monday. This is exciting news for all the investors who participated in the Bandipur Cable Car IPO.
The Bandipur Cable Car and Tourism Limited offered a whopping 4,341,080 shares to the general public from August 11th to August 15th. The response was phenomenal! A staggering 2,512,122 applications were received. This represents a total demand of 29,869,440 shares, or nearly 3 billion Nepalese Rupees!
With such a high demand, the Bandipur Cable Car IPO is oversubscribed by almost seven times. This means that a significant number of applicants, approximately 2,078,014, unfortunately, won’t receive an allocation.
However, there is good news! A lucky 434,108 individuals will be successful in obtaining their IPO shares. Each successful applicant will receive 10 shares. Fingers crossed that you are among the lucky ones to get your hands on the Bandipur Cable Car Company’s IPO shares!
Stay tuned for the official results and keep an eye on your demat account. Good luck to all investors! This is a fantastic opportunity to get involved in the Nepalese stock market and potentially invest in a promising tourism venture. Explore investment opportunities and learn more about the IPO market in Nepal!
