Prabhu Cable Car has requested applications to proceed with issuing primary shares (IPO) to the general public for the appointment of the share issue and the sales manager to proceed with issuing primary shares (IPO) to the general public.
According to the notice issued by the company, the sales manager who will be selected from the competition has been invited to proceed with issuing the company’s IPO. The company is going to issue the IPO at a premium price.
For one billion rupees, the Siddharth cable car has been constructed to connect Manimukund Sen Phulbari Park on the banks of Tinau River to Nuwakot Hill in Palpa. It is said to be operational in a few days, targeting both domestic tourists and Indian Tourists.
Apart from this venture, the company has launched Khandadevi Cable Car in Ramechhap and Siddha Baba Cable Car in Sindhuli. Prabhu Steel and Hydro Equipment Industries, Prabhu Urja Agriculture Tourism Limited, Hydro Holding and Power Development, and Prabhu Jalvidyut Vikas Limited have invested in the company under Prabhu Group.