Last Day for Migrant Nepalis to Apply for Bandipur Cable Car IPO

Today 25th, July, 2025  is the last day for Nepali citizens working abroad to apply for the IPO of Bandipur Cable Car and Tourism Limited. The company had opened the IPO on Shrawan 6 for Nepalis who have obtained labor approval from the Government of Nepal for foreign employment.

Out of the total approved issuance of 5.86 million shares worth Rs. 586 million at a face value of Rs. 100 per share (representing 20.7067% of its Rs. 2.83 billion paid-up capital), 10% — i.e., 529,400 shares worth Rs. 52.94 million — have been allocated specifically for Nepalis working abroad.

Interested applicants must apply for a minimum of 10 shares and can apply for up to 20,000 shares. According to the rating agency Care Ratings Nepal, the company has been assigned a rating of ‘CARE-NP BB (Issuer Rating)’, indicating a moderate credit risk.

The estimated total cost of the company’s project stands at Rs. 3.85 billion. The expected payback period of the investment is 8.22 years, while the discounted payback period is estimated at 10.5 years.

Nepal SBI Merchant Banking Limited is managing the IPO issuance. Eligible applicants can apply through ASBA-participating banks and financial institutions or via the online "Mero Share" platform operated by CDS and Clearing Limited.