Bandipur Cable Car and Tourism IPO Proposal Approved by SEBON

The Securities Board of Nepal (SEBON) has approved the Bandipur Cable Car IPO proposal, allowing the company to move forward with its public offering. The approval was granted on 19th Ashadh, 2082.

According to the approved plan, Bandipur Cable Car and Tourism Ltd. will issue a total of 5,860,000 shares to the general public. This represents 20.7067% of the company’s total issued capital. The shares will be offered at a par value of Rs. 100 per share.

Nepal SBI Merchant Banking Ltd. has been appointed as the issue and sales manager for the Bandipur Cable Car IPO.

About the Company

Bandipur Cable Car and Tourism Ltd. was established on January 6, 2013, as a private limited company. The company is working on a tourism project in Bandipur, Tanahun, which includes:

Cable car transportation between a base station and a hilltop station
Hospitality services, such as lodging facilities, at the hilltop

The project is designed to support local tourism by providing easier access to Bandipur and accommodation for visitors.

IPO Launch Date Not Announced Yet

While SEBON has approved the Bandipur Cable Car IPO, the official IPO opening date has not been announced. We will update this page as soon as the company confirms the timeline.