Kathmandu. Today is the last day to apply for the IPO of Bandipur Kewalkar and Tourism Limited. Today is the last day to apply for the IPO, which has been open for the local residents of the project-affected areas since July 15.
The company’s issued capital is Rs 2.83 billion. The company had received permission to issue 5.86 million units of shares worth Rs 586 million, which is 7,067 percent. Out of this, 566,000 units of ordinary shares worth Rs 56.6 million have been issued for the local residents of the project-affected areas at the rate of Rs 100 per share. Local residents of Bandipur Rural Municipality, Abukhaireni Rural Municipality, Bhanu Municipality Ward No. 1 and Palungtar Municipality Ward No. 7 of Gorkha district can apply for the share purchase.
Nepal SBI Merchant Banking Limited is the issue manager of the company. Applicants can apply for a minimum of 10 units of shares and a maximum of 20,000 units of shares.
Care Rating Nepal has given careNP double B issuer rating to the company in the rating made for the IPO issue. This indicates that there is an average risk in the company’s ability to bear liabilities.
Local residents can apply for the IPO from the company’s office, lower station, Bandipur rural municipality ward no. 4, Abukhaireni rural municipality office, Bhanu municipality ward no. 1 and Palungtar municipality ward no. 7. Residents of the project-affected areas will have to pay a fee of Rs 2 for the application form to get the share purchase application.
