Kathmandu - The Securities Board of Nepal (SEBON) has approved the Initial Public Offering (IPO) proposal of Bandipur Cable Car and Tourism Ltd, paving the way for public investment in one of the country’s leading tourism infrastructure ventures.
According to the IPO approval notice released by SEBON under the Regulation Department, the company will be issuing 5,860,000 shares to the local and general public. The shares, each priced at Rs. 100, amount to a total public issue size of Rs. 586 million, which constitutes 20.7057% of the company's issued capital.
Bandipur Cable Car and Tourism Ltd, operating under the Hotels and Tourism sector, has registered a total of 28.3 million shares, representing a total registered capital of Rs. 2.83 billion. Of this, 22.44 million shares (79.29%) are currently held by promoters.
The IPO issuance is being managed by Nepal SBI Merchant Banking Limited, which will oversee the process and ensure regulatory compliance.
This public offering marks a significant opportunity for investors to engage in Nepal’s growing tourism sector, particularly in infrastructure that promotes accessibility and hospitality in key travel destinations like Bandipur.
With the increasing influx of domestic and international tourists, the company’s IPO is expected to garner strong investor interest, especially given its strategic role in connecting travelers to one of Nepal’s most scenic hilltop towns.
