Bandipur Cable Car IPO Allocation: What You Need to Know!
Are you eagerly awaiting the Bandipur Cable Car IPO allocation? The wait is almost over! We’ve got all the latest updates on the Bandipur Cable Car share distribution.
The much-anticipated Bandipur Cable Car IPO allocation date has been officially set. According to the sales manager, Nepal SBI Merchant Banking, the allocation will take place today, Monday, August 30th, at 4 PM. Remember, the initial date, August 25th, was postponed due to technical reasons, but now the IPO allotment is finally happening.
IPO Nepal enthusiasts and stock market investors have been buzzing about this new IPO. The Bandipur Cable Car and Tourism Limited offered 4,341,080 shares to the general public from August 11th to 15th. The response was phenomenal! A staggering 2,512,122 individuals submitted applications. This translates to a massive demand of 29,869,440 shares, worth approximately NPR 2,986,944,000.
With such a high demand, the allocation process is highly competitive. The IPO demand was nearly seven times the available shares. Sadly, approximately 2,078,014 applicants won’t receive any Bandipur Cable Car shares. However, good news for the lucky ones! A total of 434,108 individuals will each receive 10 shares each.
Stay tuned for the live IPO results!
