Kathmandu. Today is the last day to apply for the IPO of Bandipur Kewalkar and Tourism Company for the local residents of the project-affected areas.

The company had received permission to issue 5.86 million units of shares worth Rs 586 million i.e. 20.7067 percent of the issued capital of Rs 2.83 billion. Out of this, 100 units of ordinary shares worth Rs 56.6 million and 566,000 units of ordinary shares worth Rs 56.6 million have been issued for the local residents of the project-affected areas.

Local residents of Bandipur rural municipality of Tanahun district, all wards of Abukhaireni rural municipality, Bhanu municipality-1 and Palungtar municipality-7 of Gorkha district can apply for the IPO.

Applicants can apply for a minimum of 10 units of shares and a maximum of 20,000 units of shares. Nepal SBI Merchant Banking Limited is the issue manager of the company.

Local residents can apply from the company’s office, lower station, Bandipur rural municipality-4, Abukhaireni rural municipality office, Bhanu municipality-1 office and Palungtar municipality-7 office. Residents of project-affected areas will have to pay Rs 2 as application form to get share purchase application.