Bandipur Cable Car & Tourism Ltd. is set to open its Initial Public Offering (IPO) of 4,341,080 shares to the general public from Bhadra 11.
Investors can apply for a minimum of 10 shares and a maximum of 20,000 shares through ASBA member banks or the “Mero Share” platform. The subscription period will close as early as Bhadra 15 and no later than Bhadra 25.
Nepal SBI Merchant Banking Ltd. is managing the IPO issuance. Earlier, on Shrawan 6, the company had issued shares to locals of project-affected areas and Nepalis working abroad, the allotment of which has already been completed.
In total, the company has received approval to issue 5,860,000 shares.
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