IPO for General Public | Kalinchowk Darshan Limited is Issuing 8,96,400 Units of IPO from Today

IPO for General Public | Kalinchowk Darshan Limited is Issuing 8,96,400 Units of IPO from Today

Kalinchowk Darshan Limited is Opening its 896400 Units of Shares with a face value of 100 rupees to the general Public. The early closing date of this IPO issue is 6th Magh 2079 but if not fully subscribed it can extend up to 17th Magh 2079.

Out of the total 10,80,000 units, 10 percent, or 108,000 units. Have already been issued and allocated to Nepalese citizens living and working abroad. In addition, the company has set aside 2% of the shares, or 21,600 units. For its employees, and 5% of the shares, or 54,000 units, have reserve for mutual funds. The public will receive the remaining 896,400 units. The firm hopes to raise Rs 8.96 crore through this IPO. After the IPO, the business will have a paid-up capital of Rs. 60 crores.

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

The issue manager for the IPO issuance is Nabil Investment Banking Limited. A minimum of 10 units and a maximum of 4,990 units may be requested 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 Limited

On January 20, 2015, Kalinchowk Darshan Limited was established as a public limited company. To build and run a cable car project in Kalinchowk, Dolakha, Nepal, is supported by both private individuals and institutional supporters from various backgrounds. In order to carry people from the bottom station in Kuri Valley to the top station at the Kalinchowk Temple, the project comprises an about 1-kilometer-long cable car ride that has a total of 4 Gondolas (2 gondolas per system). 192 persons may be transported by it in one direction every hour.

Apply the IPO of Kalinchowk Darshan From Mero Share

  • Go to Mero Share
  • Go to My ASBA Tab
  • Apply For Current Issue
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