Bandipur Skywalk and Recreation Pvt. Ltd. is set to transform into a public limited company. According to Executive Director Post Bahadur Khadka, the company plans to formalize this change by applying to the Office of the Company Registrar following its general meeting in Ashwin (September-October).
The company’s authorized capital will be NPR 1 billion, with issued capital set at NPR 680 million. Of this, 12% will be allocated for an Initial Public Offering (IPO) to the general public.
Bandipur Skywalk and Recreation Pvt. Ltd. is primarily owned by Bandipur Cable Car and Tourism Ltd. and Tourism Investment Fund Ltd. The project has attracted significant investment, with Laxmi Bank supporting a project worth NPR 1.7 billion. The development includes an 85-meter-high glass sky deck, sky jump, metal climbing structures, viewing rooms, glass capsule lift, fly dining, edge walk, the world’s longest cantilever glass bridge, and a high bungee jump.
The company has adopted a debt-to-equity ratio of 60:40 to move forward with its strategy. Most infrastructure, except for the cantilever, glass walk, and bungee jump, is expected to be fully operational by January.
This venture aims to solidify Bandipur’s reputation as a key tourism destination in Nepal, drawing both domestic and international visitors.
