IPO Allotment of Kalinchowk Darshan: Kalinchowk Darshan Allotted Shares to Project-affected Locals and Nepalese Worked Abroad.
Locals and Nepalese nationals working abroad who are impacted by the project have received IPO shares from Kalinchowk Darshan Limited. On Poush 20, 2079, the allocation scheme came to an end.
The firm has Rs. 60 crores issued capital, of which 2%, or 1,20,000 unit shares, worth Rs. 1.2 crores. Are allotments to residents affected by the project. In the meantime, 10,80,000 unit shares, represent 18% of the company’s issued capital. Will distributed to the general public later. 10% of the shares in this public offering, totaling 1,08,000 units. Are reserve for Nepalese nationals working abroad when the issue open on Mangsir 14.
The business hereby notifies that, in accordance with the notice published today, the issued units were distribute to the qualified applicants on Poush 20. Kalinchowk Darshan Ltd gives the rating of “CARE-NP BB+(Is)” by CARE Ratings Nepal Ltd (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 Allotment of Kalinchowk Darshan
A public limited company named Kalinchowk Darshan Limited 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 an about the 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 is capable of carrying 192 passengers in one way each hour.
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