IPO Issue of Bandipur Cable Car and Tourism Limited Closing Today; Oversubscribed 5.87 Times So Far
Summary
Bandipur Cable Car and Tourism Limited is closing its IPO issue today, which is oversubscribed 5.87 times, offering shares to the general public and project-affected locals in Nepal.
Key Points
- Bandipur Cable Car and Tourism Limited is closing its IPO issue of 43,41,080 shares today.
- The IPO has been oversubscribed 5.87 times with 21,31,070 applicants applying for 2,55,02,210 units.
- Shares were allocated to project-affected locals, Nepalese citizens abroad, company employees, mutual funds, and the general public.
- CARE Ratings Nepal Limited reaffirmed the company’s moderate risk issuer rating, and the project is listed as a National Priority Project by the National Planning Commission.
