Bandipur Cable Car Lock In period ends for promoter shares
8th February 2026, Kathmandu
Bandipur Cable Car and Tourism Limited (BANDIPUR) has officially notified investors regarding the upcoming expiry of the lock-in period for a specific portion of its shares. According to the regulatory disclosure, the lock-in restriction for shares held by Collective Investment Funds (Mutual Funds) is set to expire on Falgun 29, 2082.
Bandipur Cable Car Lock-In
This notice follows the company’s successful transition into the public market, which included an Initial Public Offering (IPO) in late 2025 and subsequent listing on the Nepal Stock Exchange (NEPSE).
Details of the Lock-In Expiry
The notice pertains to the shares allocated during the company’s public issuance phase. As per the Securities Registration and Issue Regulation, shares allocated to mutual funds are subject to a mandatory lock-in period from the date of allotment to ensure market stability.
Total Shares for Mutual Funds: 2,64,700 units (representing 5% of the general public issue)
Lock-In Expiry Date: Falgun 29, 2082
Original Allotment Date: Bhadra 30, 2082 (September 15, 2025)
Once the lock-in period concludes, these 264,700 units will be eligible for trading in the secondary market. Investors often monitor these dates as the sudden availability of previously restricted shares can influence the liquidity and trading volume of the stock.
Understanding the Lock-In Framework
In Nepal’s capital market, lock-in periods are designed to prevent large-scale sell-offs by institutional and promoter-level investors immediately after a company goes public. For tourism and hotel sector companies like Bandipur Cable Car:
Mutual Funds: Typically face a six-month lock-in period from the date of allotment.
Promoter Shares and Local Residents: Usually subject to a longer three-year lock-in period from the date of the IPO allotment.
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The current notice specifically targets the Mutual Fund category, meaning the larger pool of promoter shares and shares held by project-affected locals remains restricted until late 2085 BS.
Company and Share Registrar Information
Bandipur Cable Car and Tourism Limited is a national priority project featuring a 1,700-meter cable car connecting Dumre Bazar to the hilltop of Bandipur. The project also includes a luxury hotel (Queen Tower) and various adventure tourism facilities.
Share Registrar: Nepal SBI Merchant Banking Limited
Paid-up Capital: Rs 2.83 Billion
NEPSE Symbol: BANDIPUR
Shareholders who have not yet dematerialized their physical certificates are encouraged to do so through the share registrar to ensure their holdings are ready for the digital trading environment.
Market Implications for Investors
The release of 264,700 units into the tradable pool represents a relatively small fraction of the total 28.3 million shares outstanding. However, because mutual funds often rebalance their portfolios upon the expiry of lock-in periods, the market may see a temporary increase in “sell” orders for BANDIPUR.
Current market data shows the stock has been trading with significant interest in the “Hotels and Tourism” sub-index since its debut. Investors should consider the company’s project completion status and upcoming revenue from the peak tourism season when evaluating the impact of this share release.
Conclusion
The Bandipur Cable Car Lock-In Notice serves as a critical update for the secondary market, signaling that mutual funds will soon have the flexibility to trade their holdings. While the core promoter shares remain locked for the next two and a half years, this initial release marks the first phase of the company’s transition into a fully liquid public entity.
For More: Bandipur Cable Car Lock-In
