Kathmandu. Bandipur Cable Car and Tourism limited is going to open the first phase of ipo from July 11. In the first phase, the company is going to issue an IPO for the local and foreign employed Nepali citizens of the project-affected areas.
The Securities Board of Nepal (SEBI) has approved the issue of 5.86 million units of shares to Bandipur Cable Car at a face value of Rs 586 million or Rs 100 each. Out of the total number of units, the company will issue 566,500 units comprising 2% of the issued capital to the locals of the project affected areas (all wards of Bandipur rural municipality of Tanahun, all wards of Abukhaireni rural municipality, Bhanu municipality ward no. 1 and Palungtar municipality ward no. 7 of Gorkha). Locals can apply for a minimum of 10 units and a maximum of 20,000 units.
