Bandipur Cable Car IPO Opens July 22 for Locals and Overseas Nepalis
Bandipur Cable Car & Tourism Limited is set to issue its Initial Public Offering (IPO) starting Shrawan 6, 2082 (July 22, 2025). The IPO is targeted at locals affected by the project and Nepali citizens currently employed abroad. Bandle Cable Car will issue IPO to general public after the issuance to local and Nepalese working abroad concludes.
The company has received regulatory approval to issue 20.7067% of its total paid-up capital, amounting to 5,860,000 units of shares worth NPR 586 million at a par value of NPR 100 per share.
IPO Allocation Details:
1. For Project-Affected Locals:
A total of 566,000 ordinary shares worth NPR 56.6 million will be offered. Eligible applicants include residents of:
- All wards of Bandipur Rural Municipality and Aanbukhaireni Rural Municipality in Tanahun District.
- Ward No. 1 of Bhanu Municipality (Tanahun)
- Ward No. 7 of Palungtar Municipality (Gorkha)
2. For Nepalis Working Abroad:
A total of 529,400 ordinary shares worth NPR 52.94 million will be allocated to Nepali citizens with official labor permits working overseas.
Application Period:
- Earliest closing date: Shrawan 20, 2082 (August 5, 2025).
- Latest closing date: Bhadra 4, 2082 (August 20, 2025)
- Earliest closing date: Shrawan 9, 2082 (July 25, 2025)
- Latest closing date: Shrawan 20, 2082 (August 5, 2025)
Credit Rating and Project Cost:
The IPO has been rated CARE-NP BB (Is) by CARE Ratings Nepal, indicating a moderate risk in terms of the company’s ability to meet its financial obligations.
The estimated total cost of the Bandipur Cable Car project stands at NPR 3.85 billion, with a simple payback period of 8.22 years and a discounted payback period of 11.05 years.
Application Process:
- Company office at Lower Station, Bandipur Rural Municipality Ward No. 4
- Office of Aanbukhaireni Rural Municipality
- Office of Bhanu Municipality Ward No. 1
- Office of Palungtar Municipality Ward No. 7
- A processing fee of NPR 2 per application form will be charged.
- Participating ASBA member banks and financial institutions
- Meroshare online platform managed by CDS and Clearing Limited (CDSC)
Issue Manager:
The IPO issuance and sales are being managed by Nepal SBI Merchant Banking Limited.
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