Bandipur Cable Car and Tourism Limited has taken a major step toward public trading by signing an agreement with the Central Depository System and Clearing Limited (CDSC) to dematerialize its shares, marking a crucial milestone in its transition to the digital securities management.
Dematerialization of Bandipur Cable Car Shares
The dematerialization process, facilitated by the company’s share registrar Nepal SBI Merchant Banking Limited, fulfills the final administrative requirement before the company’s shares become tradable on the Nepal Stock Exchange (NEPSE). This move is expected to enhance investor convenience, improve liquidity, and strengthen transparency in the market.
The agreement was officially signed on Kartik 2, 2082 (October 18, 2025), initiating the conversion of physical share certificates into electronic (demat) form. This transition is a mandatory step for all companies planning to list on the NEPSE, ensuring safer, faster, and more efficient securities transactions.
From IPO to Trading: A Streamlined Process
Once dematerialization is completed, the 4,341,080 shares issued to the general public through the company’s Initial Public Offering (IPO), held from Bhadra 11 to Bhadra 15, 2082 (August 27–31, 2025) and allotted on September 15, 2025, will be directly credited to the investors’ demat accounts.
With this step, Bandipur Cable Car’s shares are now one step away from the NEPSE listing, after which trading will commence immediately, allowing investors to freely buy and sell shares. The rapid transition from the IPO allotment to the secondary market readiness reflects increasing efficiency in Nepal’s capital market system.
Enhanced Security and Efficiency through Digital Transition
The dematerialization eliminates the risks associated with the physical share certificates, such as loss, theft, forgery, or damage, by maintaining secure the electronic records. It ensures faster settlement cycles and greater operational transparency, aligning Nepal’s securities infrastructure with the global best practices. This initiative demonstrates Bandipur Cable Car’s proactive approach to adopting the digital finance and strengthening corporate governance.
Boosting Tourism and Regional Economy
Beyond its corporate presence, Bandipur Cable Car and Tourism Limited plays a vital role in the promoting tourism and the economic development in the Tanahun District. The company operates a 1,700-meter-long cable car that connects Dumre Bazar to the scenic Bandipur hilltop, completing the journey in about seven minutes. The cable car service offers the visitors breathtaking views and convenient access to Bandipur’s preserved the Newari heritage town, a key attraction for the both domestic and international tourists.
The operation, complemented by a hotel and other tourism facilities, has significantly boosted local employment, hospitality businesses, and small-scale trade, contributing to the region’s overall economic growth.
A Model of Modern Corporate Governance
By swiftly completing the dematerialization process, Bandipur Cable Car and Tourism Limited underscores its commitment to the investor-friendly and transparent corporate practices. Working in collaboration with the CDSC and Nepal SBI Merchant Banking Limited, the company ensures that the shareholders can securely manage their holdings in a digital environment. This step not only builds investor confidence but also aligns with Nepal’s national goal of transitioning toward a fully digital and efficient capital market ecosystem.
Looking Ahead: From Infrastructure to Investment Opportunity
The upcoming listing on the NEPSE will officially open Bandipur Cable Car’s ownership to the investing public, making it one of the few tourism infrastructure companies represented on the exchange.
By merging the tourism promotion with financial transparency, the company sets a benchmark for other mid-sized Nepali firms aspiring to enter the public market and uphold international standards of accountability.
The dematerialization of its shares marks the final step before trading begins, transforming the Bandipur Cable Car’s vision of public participation and long-term growth into a tangible reality on the Nepal Stock Exchange.
