Kathmandu. Bandipur Cable Car and Tourism is going to open the IPO sale for the general public from August 15. In the second phase, the company is going to bring an IPO for the general public. In the first week of July, the company had sold the IPO to the project-affected local and foreign employed Nepalis.
The company will issue a total of 4,341,080 units of shares at a face value of Rs 100 each to the general public. Applications can be made for a minimum of 10 units and a maximum of 20,000 units.
The IPO issue will be closed at the earliest on September 15 and late on September 15. Nepal SBI Merchant Banking is the ipo sales manager.
Care Rating Nepal has given careNP double B issuer rating to the company in the rating for the IPO issue. This indicates that there is an average risk in the company’s ability to bear liabilities.
Investors can apply for purchase from ASBA member banks and financial institutions approved by the Securities Board of Nepal through the C-ASBA system or from my shares of CDSC.
