The Initial Public Offering (IPO) for Bandipur Cable Car has been floated. Bandipur Cable Car and Tourism Ltd. has opened the IPO for the public on July 22, 2025. Find out more details about this hot cake of an opportunity to own a share in one of the country’s largest cable car projects.
Bandipur Cable Car IPO share units
Bandipur Cable Car IPO has opened with 58.60 lakh units of shares worth Rs 58.60 crore. Of the total, 2% of the issued capital, that is 566,500 shares with a Rs 100 value, are issued to the local residents affected by the project. They are the residents of all the wards of Bandipur Rural Municipality of Tanahun District and Aabukhaireni Rural Municipality, Bhanu Municipality, Ward No. ,1 and Palungtar Municipality Ward No. 7 of Gorkha District
Out of which, 2 percent of the issued capital, i.e. 566,500 shares with a face value of Rs. 100, will be issued to the local residents of the project affected areas (all wards of Bandipur Rural Municipality of Tanahun District, all wards of Aabukhaireni Rural Municipality, Bhanu Municipality Ward No. 1 and Palungtar Municipality Ward No. 7 of Gorkha District). Likewise, 10 percent of the 5,294,000 shares have been reserved for the general public, out of which 10 percent of shares, i.e., 529,400 shares valued at Rs 100 per share, have been issued for Nepalese working abroad.
Residents from the project-affected areas can apply for a maximum of 20,000 shares. Similarly, Nepalis working abroad can also apply for a maximum of 20,000 shares. Nepal SBI Merchant Bank Ltd. is the issue and sales manager of the Bandipur Cable Car IPO.
For residents of project-affected areas, the IPO issuance will close at the earliest on Shrawan 20 and farthest on Bhadra 4. For those employed abroad, the IPO issuance will close at the earliest on Shrawan 9 and at the farthest on Bhadra 20 after banking hours.
Check out: How to dematerialize your physical shares (Abhautikikaran)? Process, Steps
Where to apply?
Local residents of the project-affected areas can apply from the Sales Manager Nepal SBI Merchant Banking, Bandipur Cable Car Kathmandu Kalimati Office, Bandipur Cable Car Lower Station, Aanbookhaireni Rural Municipality Office, Bhanu Municipality Ward No. 1 Office, and Palungtar Municipality Ward No. 7 Office.
DID YOU KNOW? The Bandipur Cable Car runs from Bandipur Gaunpalika-4 lower station and Baralthok of the same ward that stretches 1.6 km.
Similarly, Nepalis working abroad can apply for the IPO from all ASBA member banks and financial institutions (BFIs) approved by the Securities and Exchange Board of Nepal (SEBON) and their designated branch offices and Mero Share Online. It’s the common way people apply for IPO in Nepal.
In the second phase, the company will issue 18.7076 percent of its issued capital, or 52.94 lakh shares, to the general public.