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Bandipur Cable Car going to issue IPO for general people .



Bandipur Cable Car under construction in Bandipur Rural Municipality of Tanahun is going to issue IPO.

Bandipur Cable Car and Tourism Limited has entered into an agreement with Nepal SBI Merchant Banking Limited for the issuance of primary shares. Ltd. is going to issue 25 lakh 80 thousand shares at Rs 100 per share. For the issue of IPO, on Wednesday, the Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited, Devraj Adhikari and the Chairman of Bandipur Cable Car and Tourism Limited, Ramchandra Sharma, signed an agreement regarding the issue of securities and sales manager.

The total cost of the company is Rs 3.49 billion and the company’s paid-up capital is Rs 2.15 billion. Two percent of the paid-up capital i.e. common shares equal to Rs. 43 million will be allocated to the project affected locals, while ten percent i.e. shares equal to Rs. 215 million will be allocated to the general public.

The construction of the project started on July 4, 2076. The company is building cable car, five star hotel, jeep line, bungee jump, glass bridge with cantilever, Queen Tower and other infrastructure.

The company has started testing for cable car operation on May 25, 2080, while the company is preparing to operate a five-star hotel next November. Bandipur rural municipality-4 reaches from Thuldhunga to Baralthok. Kevalkar will be one kilometer long.

under construction in Bandipur Rural Municipality of Tanahun is going to issue IPO.

Bandipur Cable Car and Tourism Limited has entered into an agreement with Nepal SBI Merchant Banking Limited for the issuance of primary shares. Ltd. is going to issue 25 lakh 80 thousand shares at Rs 100 per share. For the issue of IPO, on Wednesday, the Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited, Devraj Adhikari and the Chairman of Bandipur Cable Car and Tourism Limited, Ramchandra Sharma, signed an agreement regarding the issue of securities and sales manager.

The total cost of the company is Rs 3.49 billion and the company’s paid-up capital is Rs 2.15 billion. Two percent of the paid-up capital i.e. common shares equal to Rs. 43 million will be allocated to the project affected locals, while ten percent i.e. shares equal to Rs. 215 million will be allocated to the general public.

The construction of the project started on July 4, 2076. The company is building cable car, five star hotel, jeep line, bungee jump, glass bridge with cantilever, Queen Tower and other infrastructure.

The company has started testing for cable car operation on May 25, 2080, while the company is preparing to operate a five-star hotel next November. Bandipur rural municipality-4 reaches from Thuldhunga to Baralthok. Kevalkar will be one kilometer long.

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