Bandipur Cable Car IPO Opens: A Golden Investment Opportunity For Locals & Nepali Migrant Workers
22nd July 2025, Kathmandu
Bandipur Cable Car & Tourism Limited has officially launched the first phase of its Initial Public Offering (IPO), with applications opening today, July 22, 2025. This highly anticipated IPO is specifically tailored to benefit individuals residing in areas directly affected by the project and Nepali citizens currently employed abroad with formal labor approval.
This strategic move by Bandipur Cable Car & Tourism Limited aims to foster local ownership and allow Nepalis working overseas to contribute to and benefit from a significant domestic tourism infrastructure project.
Bandipur Cable Car IPO Issuance
Bandipur Cable Car & Tourism Limited has received approval to issue 20.7067% of its paid-up capital, amounting to an impressive NPR 586 million. This translates to 5.86 million units of ordinary shares, each with a face value of NPR 100. A substantial portion of this issuance is reserved for specific groups:
Reserved for Local Residents
To ensure direct community benefit, 566,000 units (worth NPR 56.6 million) are exclusively reserved for local residents of the project-affected areas. This includes residents from:
All wards of Bandipur Rural Municipality
All wards of Aanbukhaireni Rural Municipality in Tanahun District
Ward No. 1 of Bhanu Municipality
Ward No. 7 of Palungtar Municipality in Gorkha District
This allocation provides a unique opportunity for those living closest to this development to directly invest in its success.
Reserved for Nepali Citizens Working Abroad
Recognizing the significant contributions of Nepali migrant workers, 529,400 units have been set aside for Nepali citizens currently working abroad. This accounts for 10% of the shares allocated for the general public. To be eligible, applicants must have obtained official labor approval from the government of Nepal. This initiative allows Nepalis contributing to the national economy from overseas to also partake in domestic growth.
Application Details: Minimum and Maximum Share Units
Interested investors in both categories must apply for a minimum of 10 units. The maximum number of shares an individual can apply for is capped at 20,000 units. This structure ensures broad participation while allowing for meaningful investment.
Important Application Deadlines
The application window varies for different categories:
For Local Residents: The application period will close on the earliest date of August 5, 2025 (Shrawan 20, 2082), and the latest by August 20, 2025 (Bhadra 4, 2082).
For Nepalis Working Abroad: The application period is shorter, closing between July 25, 2025 (Shrawan 9, 2082) and August 5, 2025 (Shrawan 20, 2082).
Prospective investors are advised to mark these dates carefully to avoid missing out on this opportunity.
How to Apply for the Bandipur Cable Car IPO
Nepal SBI Merchant Banking Limited has been appointed as the official issue and sales manager for this IPO, ensuring a streamlined application process.
For Local Applicants
Local residents have several convenient physical locations to obtain and submit their application forms:
The company’s office at Tallo Station in Ward No. 4 of Bandipur Rural Municipality
Offices of Aanbukhaireni Rural Municipality
Bhanu Municipality Ward No. 1
Palungtar Municipality Ward No. 7
A nominal application fee of NPR 2 is required to obtain the form.
For Nepalis Working Abroad
Nepali citizens working abroad have modern, accessible options for submission:
Through ASBA-participating banks and financial institutions.
Online via the “Mero Share” system managed by CDS & Clearing Limited.
It is crucial for overseas applicants to ensure they have received approval from the Nepal Securities Board to participate in IPO applications from abroad before proceeding.
Why Invest in Bandipur Cable Car?
This IPO presents a promising investment opportunity. The Bandipur Cable Car project is poised to significantly boost tourism in the Bandipur region, known for its scenic beauty and cultural heritage. Investing in this project means investing in the growth of Nepal’s tourism and infrastructure sectors, which are vital for economic development.
For local communities, it’s a chance to directly benefit from a project that enhances their area. For Nepali migrant workers, it’s an opportunity to diversify their investments back home and contribute to national progress while potentially securing a good return.
