Bandipur Cable Car IPO Result announced today. You can check the BCTL IPO Result from Meroshare IPO Result page or Share issue manager Nepal SBI Merchant Banking’s page.
According to IPO result Mero Share CDSC, a total of 43,41,080 shares allocated to 434108 applicants through systematic random lottery method today. A total of 5,29,400 unit shares were allotted for Nepalese citizens working abroad. Similarly, a total of 2,64,700 units distributed to the mutual funds.
BCTL is issued the 4241080 units of IPO at a par value of Rs.100 on Bhadra 11, 2082. Which is oversubscribed by 5.87 times. According to CDSC, a total of 2131070 investors had applied for 2,55,02,210 units share.
Bandipur Cable Car is Rs. 2.83 Arba capital. A total of 58,60,000 unit shares issued to the public. Out of which 5, 66,000 units share allotted to project-affected local of Tanahu and Gorkha districts.
How to check IPO allotment result of Bandipur Cable Car?
You can check the IPO allotment result through Mero Share login page, IPO Result CDSC page, Bandipur Cable car’s official website and Issue manager’s website. You need to your information to check the IPO Result. That is 16 digit BOID number.
Steps to check IPO Result
- Go to IPO Result check page
- Select the company name
- Write 16-digit BOID Number
- Write the Captcha as per image
- Click on View Result
- You will get the result message
Nepal SBI Merchant Banking Limited has been appointed as the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 20,000 units.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB (Is)’ for Bandipur Cable Car and Tourism Limited (BCTL), indicating a moderate risk of default in the timely servicing of financial obligations within Nepal. Additionally, CRNL has reaffirmed the ‘CARE-NP BB’ rating assigned to BCTL’s long-term bank facilities.
Bandipur Cable Car is a private limited company, incorporated on January 6, 2013. It is coming up with a cable car and hotel project in Bandipur, Tanahu district of Nepal. The project has two modalities of services to be offered, i.e., first transportation from base station to hilltop station and vice-versa through cable car; and second is lodging & hospitality services through the Hotel. The project has been listed as a “National Priority Project‟ by the National Planning Commission (NPC).
