Final Day to Apply for Bandipur Cable Car IPO for Project-Affected Locals

Bandipur Cable Car & Tourism Limited's IPO for local residents of the project-affected areas closes today, i.e., August 5, 2025 (Shrawan 20). The company is issuing 566,000 ordinary shares at a face value of Rs. 100 per share, totaling Rs. 56.6 million.

Eligible applicants include residents of Bandipur Rural Municipality, Aabukhaireni Rural Municipality, Bhanu Municipality Ward No. 1 (Tanahun), and Palungtar Municipality Ward No. 7 (Gorkha). The minimum application is 10 shares and the maximum is 20,000 shares.

CARE Ratings Nepal has given a “CARE-NP BB” rating to the issue, indicating moderate risk. The total estimated project cost is Rs. 3.85 billion, with a simple payback period of 8.22 years and a discounted payback of 10.5 years. Nepal SBI Merchant Banking Ltd is the issue manager.