Prabhu Cable Car & Tourism Ltd., established under the umbrella of Prabhu Groups & Companies, has opened its remaining right shares for public auction. The company, primarily focused on constructing cable cars and promoting tourism across Nepal’s major destinations, has made 3,815,020 shares available for interested investors.
According to a notice published by the company, the shares are offered at a minimum bid price of NPR 150 per share, with applicants eligible to apply for a minimum of 1,000 shares and up to the full quantity on offer.
Background of the Rights Issue
Prabhu Cable Car & Tourism Ltd. had previously issued a rights share at a ratio of 1:2.63 from Kartik 9 to Mangsir 15, 2082. After the distribution of these shares, the remaining 3,815,020 unsubscribed right shares have now been put up for auction. The company has stated that interested applicants can participate in the auction until the close of banking hours on Falgun 12.
During the Annual General Meeting on Poush 26, the company proposed the issuance of an Initial Public Offering (IPO), which was unanimously approved. The company’s main investors include Prabhu Urja Krishi Tourism Development Ltd., Prabhu Holdings & Hydro Development Co. Ltd., Hydro Holdings Ltd., and other institutional investors under the Prabhu Groups umbrella.
IPO Preparations and Financial Arrangements
For the IPO process, Kumari Capital Ltd. has been appointed as the issue manager, and the company has entered into a credit rating agreement with Care Rating Nepal Ltd. for IPO purposes. Prabhu Cable Car & Tourism Ltd. has confirmed that it continues to operate as a debt-free company, maintaining profitability while adhering to corporate governance standards.
Existing and Upcoming Cable Car Projects
The company currently has three cable car projects underway. Operational projects include the Siddhartha Cable Car to Palpa’s Nuwakot Gadhi and the Butwal project to the ashram of Sage Kaldeval at the Buddha Kulguru site. Additionally, the company plans to develop cable cars to the Badi Malika Temple in Bajura and the Ichchhakamana Temple in Chitwan in the near future, expanding accessibility to major religious and tourism sites across Nepal.
Prabhu Cable Car & Tourism Ltd. operates under effective management practices, customer-friendly policies, and strict adherence to Nepal’s prevailing laws and regulations. The company has also achieved ISO 9001:2015 certification, reflecting international standards in management and operational excellence.
How to Apply for the Auction
Interested individuals and institutions wishing to participate in the auction can submit applications at the company’s registered office at Kathmandu Metropolitan 32, Thapathali, Kathmandu, or download the application form from the company’s official website. Applicants are required to comply with the minimum and maximum share allotment guidelines.
The auction provides a significant opportunity for investors to participate in Nepal’s growing tourism infrastructure sector while supporting cable car initiatives that enhance accessibility to key tourist and religious destinations.
Prabhu Cable Car & Tourism Ltd. continues to position itself as a pioneering force in Nepal’s tourism sector, combining strategic investment with sustainable operational practices and international standards to promote safe, accessible, and profitable tourism projects.
