IPO for General Public | Kalinchowk Darshan is going to Issue 8,96,400 Units of IPO to the Public from 3 Magh 2079

IPO for General Public | Kalinchowk Darshan is going to Issue 8,96,400 Units of IPO to the Public from 3 Magh 2079. The offer letter for Kalinchowk Darshan Limited’s Initial Public Offering (IPO) to the general public has issue.

From the third of Magh in 2079, the corporation would issue 896,400 unit shares with a face value of Rs 100. With this IPO, the company hopes to raise Rs 8.96 crore. This early closing deadline is on the 6th of Magh, and if it is not completely subscribed, it may extend until Magh 17, 2079.

10 percent, or 108,000 units, of the total 10,80,000 units have already release and allocated to Nepalese people living and working abroad. 2%, or 21,600 units, have set aside for firm personnel, while 5%, or 54,000 units, of the total offered shares, have reserve for mutual funds. The general public will receive the final 896,400 units. After the IPO, the company’s paid-up capital will amount to Rs. 60 crores.

Prior to this, the business distribute 108,000 shares to Nepalese nationals working abroad and 1,20,000 shares worth Rs. 1.2 crore to locals impacted by the project. In total, the promoter owners own 80% of the company’s shares.

The issue manager for the first public offering issuance has name Nabil Investment Banking Ltd. A minimum of 10 units and a maximum of 4,990 units may requeste in an application. Kalinchowk Darshan Limited has been given the rating of “CARE-NP BB+(Is)” by CARE Ratings Nepal Limited (CRNL). Issuers with this grade are thought to have a modest risk of default when it comes to the timely payment of debts in Nepal.

About the Company: – IPO for General Public | Kalinchowk Darshan

A public limited company named Kalinchowk Darshan Ltd was established on January 20, 2015. For the purpose of constructing and running a cable car project in Kalinchowk, Dolakha, Nepal. Both private individuals and institutional promoters from various backgrounds are involve. The project comprises a one-kilometer cable car ride. With a total of four gondolas two per system to carry people from Kuri Valley’s bottom station to the Kalinchowk Temple at the top. It can accommodate 192 passengers per hour for one-way trips.

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