Kalinchowk Darshan Limited IPO | Collection of Rs. 3.5 Crores from Nepalese Employ working Abroad| Oversubscription- 3.24 Times. As of 10 am today, Mangsir 19, CDS & Clearing Limited (CDSC) has provided the information regarding the public IPO collecting of Kalinchowk Darshan Limited (KDL) for Nepalese nationals working overseas.
From Mangsir 14 through Mangsir 28, 2079, Kalinchowk Darshan Limited will be offering IPO to the project’s affected locals and Nepalese people working overseas. Locals who are impacte by the project may extend the deadline to Poush 14. The firm has Rs. 60 crores issued capital, of which 2%, or 1,20,000 unit shares, worth Rs. 1.2 crores, have been given to residents who will be impacted by the project. In the meantime, 10,80,000 unit shares, representing 18% of the company’s issued capital, will distribute to the general public later.
For this public offering, 1,08,000 unit shares totaling 10% of the shares have set aside for Nepalese nationals working overseas. The issue manager for the IPO issuance is Nabil Investment Banking Ltd. The minimum application quantity for the project’s residents is 10 units, while the maximum application quantity is 4,990 units. The minimum and maximum application quantities for Nepalese nationals working abroad are 10 and 10,800, respectively.
Kalinchowk Darshan Limited IPO
According to CDSC, 982 applications for a total of 350,270 units are receive from Nepalese nationals working abroad. So far, there have been 3.24 times more subscriptions than there are available copies of the issue. 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.
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