Kathmandu. Bandipur Cable Car and Tourism limited is going to open the first phase of ipo from July 15. 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.
Locals have identified securities sales manager Nepal SBI Merchant Banking, Bandipur Kevulkar’s office at Kalimati in Kathmandu, Bandipur Kewalkar’s lower station, Abukhaireni rural municipality office, Bhanu municipality ward no. 1. Office of Ward No. 1 and Palungtar Municipality Ward No. They can apply from the office of 7.
Similarly, the company will issue 529,400 units of foreign employment, representing 10 per cent of the 5,294,000 units allotted for the general public. They can apply for a minimum of 10 units and a maximum of 20,000 units.
Nepalis in foreign employment can apply from all ASBA member banks and financial institutions approved by the Securities Board and my share of CDSC.
The ipo issued for the locals will be closed at the earliest on August 15 and late on August 15. However, the ipo issued for foreign employment will be closed at the earliest on July 15 and late on September 20 after the banking time.
