30th October 2025, Kathmandu
Bandipur Cable Car and Tourism Limited has successfully completed a pivotal step in its journey to public trading by signing an agreement with the Central Depository System and Clearing Limited (CDSC) to dematerialize its shares.
Dematerialization of Bandipur CableCar Shares
This move, which involved the company’s share registrar, Nepal SBI Merchant Banking Limited, marks the final administrative process necessary before the shares become tradable on the Nepal Stock Exchange (NEPSE), significantly enhancing investor convenience and market liquidity.
The Digital Transition: Dematerialization and Listing
The agreement, signed on Kartik 2, 2082 (October 18, 2025), initiates the conversion of the company’s physical shares into electronic form. This process is mandatory for all publicly traded securities in Nepal and offers immense benefits to the capital market infrastructure.
Seamless Crediting to Demat Accounts: Once the dematerialization process is complete, the 4,341,080 shares issued to the general public through the Initial Public Offering (IPO)—which was conducted from Bhadra 11 to Bhadra 15, 2082 (August 27–31, 2025), with allotment finalized on September 15, 2025—will be directly credited to the demat accounts of the respective investors.
NEPSE Trading Commencement: The dematerialization clears the path for the shares to be officially listed on NEPSE. Trading for the public will be enabled from the day after listing, allowing investors to buy and sell the securities efficiently. This quick transition from IPO allotment to secondary market trading is a sign of an increasingly streamlined process in the Nepalese capital market.
Enhanced Security and Efficiency: Dematerialization fundamentally improves the securities market by eliminating risks associated with physical share certificates, such as loss, theft, damage, or signature forgery. The electronic records ensure secure ownership management and significantly expedite transaction settlements, contributing to a more efficient and transparent market operation.
The Role of Bandipur Cable Car in Tourism and Infrastructure
Bandipur Cable Car and Tourism Limited is more than just a listed company; it is a vital piece of tourism infrastructure located in the Tanahun District, enhancing accessibility to a culturally and historically significant region.
Key Tourist Attraction: The company operates a 1,700-meter-long cable car service that connects Dumre Bazar to the historic Bandipur Temple on the hilltop, completing the journey in approximately seven minutes. This service not only provides an adventurous experience for tourists but also facilitates easy access to the preserved Newari hill town.
Economic Impact: The operation, which includes the cable car and a supporting hotel venture, acts as a major catalyst for local economic development. By dramatically increasing visitor inflow, it boosts the hospitality sector, local commerce, and employment opportunities in the Tanahun region, underscoring the company’s significance beyond its financial figures.
A Benchmark for Corporate Governance and Digital Finance
Bandipur Cable Car’s prompt move to dematerialize and list its shares reflects a dedication to modern financial practices and strong corporate governance principles.
Investor-Friendly Practices: By working with CDSC and Nepal SBI Merchant Banking Limited, the company is ensuring that all its shareholders can seamlessly manage their investments in a secure, digital format. This dedication to investor convenience builds market confidence, particularly among new investors who participated in the IPO.
Alignment with National Goals: This initiative aligns with the broader trend in Nepal’s capital market toward fully digital securities management. As the country continues to modernize its economic and financial systems, the timely listing of infrastructure and tourism companies like Bandipur Cable Car sets a positive benchmark for other mid-sized firms looking to tap into the public market and adhere to high standards of transparency and reporting.
The dematerialization of these shares is the final technical hurdle, transforming the company’s promise of public ownership into a tangible, tradable reality on the Nepal Stock Exchange.