Kalinchowk Darshan Limited has issued 8,96,400 units of the IPO for the general public from January 17. The general public can now purchase 896400 units of shares with a face value of 100 rupees from Kalinchowk Darshan Limited. The early closing date of this initial public offering is February 6, 2079, but if it is not fully subscribed, it may extend until February 17, 2079.

Notice Date: February 2, 2023

Ten per cent, or 108,000 units, of the total 10,80,000 units, have already been distributed to Nepalese nationals who work and live overseas. Additionally, the business has reserved 21,600 units or 2% of the shares. A reserve of 54,000 units, or 5% of the claims, are held for the company’s employees and mutual funds. The final 896,400 units will be given to the general public. Through this IPO, the company seeks to raise Rs 8.96 crore. The company will have 60 crores of rupees in paid-up capital following the IPO.

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Kalinchowk Darshan Limited has issued 8,96,400 units of the IPO for the general public

All about Kalinchowk Darshan Limited issued 8,96,400 units of the IPO for the general public.

Kalinchowk Darshan Limited was established as a public limited company on January 20, 2015. Both private individuals and institutional sponsors from all backgrounds are lending their assistance to the construction and operation of a cable car project in Kalinchowk, Dolakha, Nepal. CARE Ratings Nepal Limited has rated Kalinchowk Darshan Limited as “CARE-NP BB+(Is)” (CRNL). Regarding the prompt payment of debts in Nepal, issuers with this grade are deemed to have a low default risk.

Before this, the company distributed 1,20,000 shares for Rs. 1.2 crore and 108,000 shares to Nepalese citizens working overseas. Likewise to the affected locals by the project. The promoter owners collectively possess 80% of the stock of the corporation. Nabil Investment Banking Limited is the IPO issuance’s issue manager. Applications may request a minimum of 10 units and 4,990 units.

Interested candidates can go to Mero Share, the MY ASBA Tab and apply for the current IPO issued by Kalinchowk Darshan Limited.

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