Bandipur cable car opens IPO for public, applications open until August 30
Summary
Bandipur Cable Car has opened its IPO to the public, offering over 4.3 million shares priced at Rs 100 each, with applications accepted until August 30. The company has already allocated shares to locals and Nepalis abroad and aims to raise Rs 586 million through this issuance.
Key Points
- Bandipur Cable Car launched an IPO issuing 4,341,080 shares worth Rs 434.1 million to the public.
- Shares have already been allotted to locals from project-affected areas and Nepalis working abroad.
- The Securities Board of Nepal approved issuing a total of 5,860,000 shares worth Rs 586 million, representing 20.70% of the company’s issued capital.
- The company reported an accumulated loss of Rs 170.3 million with a net worth per share of Rs 92.41 and began commercial operations in mid-2024.
