Introduction
Annapurna Cable Car, located in Pokhara, Nepal, has applied for an Initial Public Offering (IPO) with the Securities Board of Nepal (SEBON). While waiting for SEBON’s approval, let’s explore what this means for investors. The company plans to offer 3,100,000.00 unit shares, which is 20% of its total capital. Each share is priced at NPR 100.
Purpose of Annapurna Cable Car IPO
The funds raised will likely be used to improve existing facilities and expand services to other parts of Nepal, aligning with the company’s growth goals.
Issue Manager
Muktinath Capital Limited will manage the IPO process.
Annapurna Cable Car: About the Company
Founded in 2010, Annapurna Cable Car has carved a niche for itself in the realm of gondola-based lift transportation systems. Operating a 2.2 km line from Sedibagar to Sarangkot, the company boasts two stations and 17 gondolas capable of transporting 500 people per hour, offering not just a mode of transportation but an unforgettable experience
Overview Of Company:
With a commitment to excellence and safety, Annapurna Cable Car has emerged as a prominent tourist attraction in Pokhara and its environs. The company’s dedication to providing a memorable and secure journey is reflected in its stringent adherence to safety protocols and the employment of 80-90 skilled and semi-skilled personnel. Annapurna Cable Car is a popular tourist attraction in Pokhara, known for its safety measures and friendly staff.
Services
The cable car service operates within a framework of honesty, integrity, and cleanliness, ensuring that every visitor enjoys a seamless and enjoyable experience. From dawn till dusk, Annapurna Cable Car welcomes adventurers and sightseers alike, promising unparalleled views and unparalleled hospitality. The cable car operates from 5:00 AM to 5:00 PM, ensuring tourists enjoy a safe and memorable experience.
Mission and Values
The company aims to enhance tourism in Pokhara while upholding values like honesty and integrity.
Why Invest in Annapurna Cable Car IPO?
Investing in Annapurna Cable Car offers both adventure and financial potential. It’s a chance to contribute to Nepal’s tourism growth. With a proven track record of success and a vision for the future, Annapurna Cable Car stands poised to scale new heights of achievement, offering investors a gateway to both adventure and prosperity.
Information | Details |
---|---|
Company Name | Annapurna Cable Car Limited |
Location | Pokhara, Nepal |
Establishment Year | 2010 |
IPO Application Month | January 2024 |
IPO Size | 31 lakh (3.1 million) shares |
Percentage of Capital | 20% |
Face Value per Share | NPR 100 |
Issue Manager | Muktinath Capital Limited |
Website | annapurnacablecar.com.np |
Opening Hours | 5:00 AM to 5:00 PM |
Phone Number | 061-590672 |
Services | Cable car transportation |
Stations | Sedibagar and Sarangkot |
Capacity | 500 people per hour |
Employees | 80-90 skilled and semi-skilled personnel |
Mission | To enhance tourism in Pokhara |
Values | Honesty, integrity, safety, good manners, cleanliness, good health protocols, and soft behavior |
Conclusion: Annapurna Cable Car IPO
In conclusion, The Annapurna Cable Car IPO opens doors to adventure and investment opportunities, reflecting the spirit of exploration in Nepal.
READ MORE: Upcoming IPO 2024
FAQs:
- Why is Annapurna Cable Car conducting an IPO?
Annapurna Cable Car is conducting an IPO to raise funds for company development and expansion plans, which may include improving existing facilities and expanding services to other parts of Nepal. - How many shares will Annapurna Cable Car offer in the IPO?
Annapurna Cable Car plans to offer 31 lakh (3.1 million) shares, representing 20% of its total capital, at a face value of NPR 100 per share. - Who is managing Annapurna Cable Car’s IPO?
Muktinath Capital Limited has been appointed as the issue manager for Annapurna Cable Car’s IPO, overseeing the process and facilitating investor participation. - Where can I find more information about Annapurna Cable Car’s IPO?
More information about Annapurna Cable Car’s IPO, including updates on SEBON’s approval and how to participate, can be found on the company’s website or by contacting Muktinath Capital Limited.