Bandipur Cable Car IPO Application Deadline Today! Don’t Miss Out!
Are you looking to invest in the stock market? Don’t forget that today is the last day to apply for the Bandipur Cable Car IPO! This is a fantastic opportunity for investors to get in on the ground floor of this exciting tourism project. The Bandipur Cable Car and Tourism Limited opened its IPO for the general public on August 11th, and the application window closes today.
For the general public, the Bandipur Cable Car Company has issued 43,41,080 shares. To apply for the IPO, you can request a minimum of 10 shares, with a maximum of 20,000 shares. This new IPO offers an accessible entry point for both new and experienced stock market investors.
The selling manager for this IPO is Nepal SBI Merchant Banking Limited. This means they are handling the IPO process, making it straightforward and reliable for potential investors.
Earlier, the Bandipur Cable Car Company already issued shares to locals in Tanahu and Gorkha districts, who would be directly impacted by the project, as well as to Nepalese workers abroad. The Securities Board of Nepal (SEBON) gave its approval for the IPO issuance on June 19th. The company’s overall plan is to issue a total of 58,60,000 shares, equivalent to 58.6 crore rupees. This is a significant investment opportunity in the growing tourism sector.
According to data from CDSC, by Saturday evening, 21,31,070 applicants had already applied for the Bandipur Cable Car IPO. These applicants had requested a total of 2,55,02,210 shares, amounting to 2.55 billion rupees. This represents a 58.73-fold oversubscription compared to the number of shares issued. ItтАЩs clear this primary market offering is generating significant interest. Don’t delay тАУ take advantage of this investment chance today! Review the IPO details and apply for shares before it’s too late. This is a chance to get involved in a significant infrastructure project, benefiting from potential capital gains as the shares start trading on the stock exchange.
