Kumari Capital Appointed as Sales And Issue Manager for IPO of Prabhu Cable Car & Tourism Limited

Prabhu Urja Krishi Paryatan Bikas Limited, along with other companies under the Prabhu Group, has partnered with Kumari Capital Limited to issue shares, worth Rs. 30 crores for Prabhu Cable Car & Tourism Limited.

The Siddhartha Cable Car project, operational since last Ashwin, connects Deurali Dada in Butwal to Nuwakot in Palpa, providing access to historical and cultural landmarks such as Raja Manimukunda Sen’s palace, Kamana Bhairav’s temple, and other archaeological sites. The project has already served 75,000 tourists, boosting regional tourism.

Plans include building cable cars at Badimalika Temple in Bajura and Ichchakamana Temple in Chitwan. Prabhu Cable Car and Tourism Limited, the primary investor in these projects, also has a significant presence in hydropower, agriculture, and adventure tourism.

The agreement, signed by Bhoj Kumar Khadka, Chairman of Prabhu Cable Car, and Pushpa Sharma, CEO of Kumari Capital, highlights the company’s financial success, reporting a profit of over Rs. 5 crores in the first quarter of the current year.