Bandipur Cable Car IPO Allotment Scheduled for Tomorrow: Here’s What Investors Need to Know
15th September 2025, Kathmandu
Bandipur Cable Car & Tourism Limited has confirmed that the allotment of its highly anticipated Initial Public Offering (IPO) is scheduled to take place today, Monday, September 15, 2025 (Bhadra 30, 2082), at 4:00 PM.
Bandipur Cable Car IPO Allotment
According to the issue manager, Nepal SBI Merchant Banking Limited, this is the official date and time for the distribution of shares. The IPO has garnered an extraordinary response from investors, reflecting a strong and growing interest in tourism and infrastructure projects within Nepal, even amid a challenging economic and political environment.
Overwhelming Investor Interest and Oversubscription
The Bandipur Cable Car IPO witnessed a significant oversubscription, with a staggering 2,512,122 investors submitting applications. The total demand for shares reached 29,869,440, amounting to an applied value of over NPR 2.98 billion. This level of demand highlights the immense liquidity in Nepal’s capital market and the strong appetite of retail investors for growth opportunities.
Due to this massive oversubscription, the allotment will be conducted according to the regulations set by the Securities Board of Nepal (SEBON), which ensures a fair distribution process. After reserving shares for priority groups, the number of shares available for the general public was 4,341,080 out of a total public issue size of 5,860,000 shares, each with a par value of NPR 100. Based on the allotment rules, only a small fraction of the applicants will be successful. It is estimated that only 434,108 investors will receive the minimum tradable lot of 10 shares each, which means a significant number of applicants—approximately 2,078,014, or about 82% of the total—will be left empty-handed.
Allotment Structure
Prior to the general public issue, shares were already allocated to specific priority groups, which included:
- Project-affected locals: 566,000 shares
- Nepali citizens working abroad: 529,400 shares
- Mutual funds: 264,700 shares
- Company employees: 158,820 shares
This structured approach ensures that various stakeholders, including those directly impacted by the project and key institutional investors, receive an allocation before the general public. The remaining shares were then offered to the public, which led to the massive oversubscription.
Company and Project Overview
Bandipur Cable Car & Tourism Limited operates in the hotel and tourism sector, with a primary focus on developing infrastructure that can boost both domestic and international tourism. The company’s core project, the Bandipur Cable Car, is aimed at capitalizing on the growing popularity of the Bandipur region as a prime tourist destination. The proceeds from the IPO are intended to fund the expansion and maintenance of the cable car project, improve hospitality facilities for tourists, and strengthen the overall tourism-related infrastructure. The company holds a CARE-NP Double B (Issuer) rating from CARE Ratings Nepal, which indicates a moderate level of risk, typical for a growth-stage infrastructure company.
Next Steps for Investors
With the allotment scheduled for this afternoon, investors who applied for the IPO can check the results through a number of official channels, including the official websites of the issue manager, Nepal SBI Merchant Banking, and the Mero Share portal (CDSC). After a successful allotment, the refunds for unallotted shares are expected to be processed within a few working days. The allotted shares are typically credited to the investors’ demat accounts within three business days, after which they will be listed and tradable on the Nepal Stock Exchange (NEPSE). The massive demand for the IPO underscores the strong confidence in Nepal’s tourism sector, and its successful listing will be closely watched by the market as a barometer of investor sentiment. For those who do not receive shares, the secondary market will provide an opportunity to invest once trading commences.
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