IPO Proposal of Maulakali Cable Car Limited Added to SEBON's Pipeline

The IPO proposal of Maulakali Cable Car Limited has been added to SEBON's pipeline.

Maulakali Cable Car Limited has submitted a proposal to issue 1,879,130 shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 18.79 crore for the company. NIC Asia Capital Limited has been appointed the issue manager for this issue. The proposal was submitted on Kartik 24, 2082, at SEBON.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the local and the general public.

"ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP issuer rating double B minus) for Maulakali Cable Car Limited (MCL or the company). Entities with this rating are considered to have a moderate risk of default in meeting their financial obligations on time. This rating reflects a general opinion on the company’s creditworthiness and is not specific to any particular debt instrument. Additionally, ICRA Nepal has reaffirmed MCL’s long-term loan rating at [ICRANP] LBB- (pronounced ICRA NP L double B minus), while the company’s short-term loan rating has been withdrawn.

Established in October 2016, Maulakali Cable Car Limited operates a cable car along with an integrated 65-key resort in Gaindakot, Nawalpur district. The cable car segment commenced operations in mid-April 2023, while the hotel became operational in mid-May 2025. The majority stake of the company is held by Mr. Chandra Prasad Dhakal and Mr. Hem Raj Dhakal, both in their personal capacity as well as through other closely held entities.