IPO Result or Issue Allotment of Kalinchowk Darshan Limited | Kalinchowk Darshan Limited | Closing its IPO Shares Issue for Nepalese Employed Abroad & Project-Affected Locals from Today. From today, Mangsir 28, Kalinchowk Darshan Limited should close the issue of its initial public offering (IPO) to project-affected communities and Nepalese people living overseas. The IPO issue started on 14 Mangsir 2079.
The company’s issued capital is Rs. 60 crores, of which 2% or 1,20,000 unit shares worth Rs. 1.2 crores, has grante to project-affected people. Meanwhile, 18% of the company’s outstanding capital, or 10,80,000 unit shares, will offered to the general public later. This public offering, which began on 14 Mangsir, has reserved 10% of the shares totaling 1,08,000 units for Nepalese people working overseas.
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The minimum application amount for project-affected communities is 10 units, with a maximum number of 4,990 units. Meanwhile, the minimum application quantity for Nepalese citizens working abroad is 10 units, with a maximum number of 10,800 units. The issue manager is Nabil Investment Banking Limited. Probably the IPO result will be published next week.
According to CDSC, 5,615 applications for 994,260 units were received from Nepalese residents working overseas. As a result, the issue has already been oversubscribed 9.20 times.
About the Company: – IPO Result or Issue Allotment of Kalinchowk Darshan
Kalinchowk Darshan Ltd has granite the rating ‘CARE-NP BB+(Is)’ by CARE Ratings Nepal Ltd (CRNL). Issuers with this grade are thought to have a modest risk of default in Nepal when it comes to the timely servicing of financial commitments.
Kalinchowk Darshan Ltd, found on January 20, 2015, is a public ltd corporation. Individual and institutional proponents from various backgrounds are working to establish and operate a cable car project in Kalinchowk, Dolakha, Nepal. The project involves a 1 km cable car excursion with a total of 4 Gondolas (2 gondolas for each system). Transporting passengers from the Kuri Valley bottom station to the Kalinchowk Temple at the top.
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