Kalinchowk Darsan’s IPO Proposal Is accepted by SEBON. The Securities Exchange Board of Nepal (SEBON) officially approved the proposed initial public offering (IPO) by Kalinchowk Darsan Limited (KDL) on Kartik 23.
The hydropower firm plans to issue 6,000,000 units of shares at a par value of Rs. 100 each in order to raise a total of Rs 60 Crore in the capital. 12,00,000 of the total 60,00,000 unit shares are going distributed to the general public. The promoter/public ratio should be 80:20 following the IPO. Nabil Investment Banking Limited is select as the issue manager for the proposed IPO issuance.
About the Company: – Kalinchowk Darsan’s IPO Proposal Is accept by SEBON
A public limited company named Kalinchowk Darshan Limited (KDL) was established on January 20, 2015. In order to create and maintain a cable car project in Kalinchowk, Dolakha, Nepal, it has the assistance of people and organizations from all backgrounds. The project comprises a cable car ride that is approximately 1 km long and has a total of 4 gondolas (2 gondolas each system) to take people from the Kuri Valley bottom station to the Kalinchowk Temple at the top. It can carry 192 passengers in an hour on a one-way journey.
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