Bandipur Cable Car IPO Allocation: What You Need to Know
Are you one of the millions eagerly awaiting the results of the Bandipur Cable Car IPO? The wait is almost over! According to Nepal SBI Merchant Banking Limited, the Bandipur Cable Car and Tourism Limited IPO will be allocated today. This is big news for Nepali investors and those looking to invest in Nepal’s tourism sector.
The Bandipur Cable Car IPO allocation is scheduled for today at 4 pm. A massive number of applicants showed interest in this exciting IPO, highlighting the strong investor confidence in the Bandipur Cable Car project.
IPO allocation day is always exciting! With such high demand, it’s important to understand the allocation process. A total of 20,78,014 applicants will unfortunately not receive any shares this time around. A total of 25,12,122 individuals applied for the IPO, representing a demand of 2,98,69,440 units worth NPR 2,98,69,440,000! Fortunately, 4,34,108 successful applicants will receive 10 shares each.
The Bandipur Cable Car IPO offered shares at a face value of NPR 100 per share. The company received the necessary approvals from the Securities Board of Nepal (SEBON) on June 29th of 2025, for a total of 58,60,000 shares to be issued. Before the public offering, the Bandipur Cable Car offered shares to project-affected locals (5,66,000 shares) and Nepalese citizens working abroad with labor approval (5,29,400 shares) and have already been allocated.
In the second phase, the IPO offered shares to the public. The company set aside 2,64,700 shares for mutual funds and 1,58,820 shares for employees. The remaining 43,41,080 shares were then made available for the general public to invest.
Stay tuned for updates on how to check your IPO results and what this means for the future of the Bandipur Cable Car project. This is a great opportunity to be part of the growth in the tourism sector in Nepal! IPO investing is a great way to begin your financial journey, and this particular IPO shows promising signs.
