Bandipur Cablecar and Tourism Limited (BANDIPUR) has officially listed 2,83,00,000 units of its shares on the Nepal Stock Exchange (NEPSE). The listing includes shares held by promoters as well as shares issued to the general public, marking a significant milestone for the company in Nepal’s tourism and investment sector.
IPO Details and Trading Range
The opening transaction range for the listed shares is set between Rs. 95.24 and Rs. 285.72. Pending an agreement with NEPSE, these IPO shares will be available for trading in the secondary market from the following day, allowing investors to buy and sell shares freely.
Out of the total 2,83,00,000 shares, 43,41,080 units with a par value of Rs. 100 were issued to the general public during the IPO period, which ran from 11th Bhadra to 15th Bhadra, 2082. The remaining shares are held by the company’s promoters and strategic investors, reflecting a balanced approach to capital structure and public participation.
Symbol and Market Presence
The listed shares will be traded under the symbol ‘BANDIPUR’, providing investors with a clear and accessible way to track and trade the company’s stock. The listing strengthens Bandipur Cablecar and Tourism Ltd.’s presence in Nepal’s capital market while offering a new investment opportunity for the public interested in tourism infrastructure and services.
Significance of the Listing
The IPO listing represents a major step forward for Nepal’s tourism and cable car sector, as Bandipur Cable car and Tourism Limited seeks to expand its operations and enhance services. By going public, the company not only raises capital for future growth but also allows the general public and retail investors to participate in the company’s development.
Investors and market analysts are optimistic about the performance of BANDIPUR shares, considering the increasing domestic and international tourism in Nepal and the growing popularity of cable car-based travel experiences.
