Kalinchowk Darshan Limited Issuing IPO to Locals & Nepalese Working Abroad

Kalinchowk Darshan Limited Issuing IPO to Locals & Nepalese Working Abroad. Kalinchowk Darshan Limited is going to issue an IPO for the project-affected locals and Nepalese people who are working in abroad. On Mangsir 14, 2079, the initial public offering (IPO) for locals and Nepalese nationals living abroad may start. It will end on Mangsir 28, 2079. Keep in mind that the issue might be extended for locals until the 14th Poush if the problem is not subscribed by the early closure date. For Nepalese nationals employed overseas, the problem won’t be postponed through the early closure date, nevertheless.

The firm has Rs. 60 crores issued capital, of which 2%, or 1,20,000 unit shares, worth Rs. 1.2 crore, has been given to locals impacted by the project.

In the meanwhile, 10,80,000 unit shares, representing 18% of the company’s issued capital, are going to distribute to the general public later. 10% of the shares, or 1,08,000 units, of this public offering, have been set aside for Nepalese nationals working abroad; the offering will begin on the aforementioned date.

Kalinchowk Darshan Limited Issuing IPO to Locals

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.

Nabil Investment bank is the Issue manager of this IPO. The Kalinchowk Darshan Limited grade is “CARE-NP BB+(Is)” according to CARE Ratings Nepal Limited (CRNL). When it comes to the timely payment of financial obligations in Nepal.

Kalinchowk Darshan L.td is establish on January 20, 2015. Kalinchowk Darshan Limited is a public L.td corporation. The initiative to construct and operate a cable car in Kalinchowk, Dolakha, Nepal, has the backing of people and organizations from many backgrounds.

The project comprises a cable car ride that is approximately 1 km long and has a total of 4 gondolas (2 gondolas for each system). To take people from the Kuri Valley bottom station to the Kalinchowk Temple at the top.

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