Kalinchowk Darshan Limited has announced a notice regarding IPO being issued to locals & Nepalese Living Abroad. As per sources, Kalinchowk Darshan is issuing an IPO for the project-affected locals and Nepalese people living and working Abroad.

Notice Date: November 29, 2022

Kalinchowk Darshan Limited may start issuing this IPO(Initial Public Offering) on Mangsir 14, 2079, for Locals and Nepalese working abroad. Remember that if the issue is not subscribed by the early close date, it may be extended for locals until the 14th Poush. However, the problem won’t be resolved by the early closure date for Nepalese nationals working abroad.

To locals and Nepalese living abroad, Kalinchowk Darshan Limited is issuing IPO

Kalinchowk Darshan Limited has 60 crores of issued capital, of which 2% is worth Rs. 1.2 crore has been given to locals impacted by the project. 10,80,000 unit shares, or 18% of the issued capital of the firm, will be distributed to the general public subsequently. The offering will commence on the above date, and 10% of the shares, or 1,08,000 units, have been reserved for Nepalese people working overseas.

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More about Kalinchowk Darshan Limited IPO

The minimum and maximum application quantities for project inhabitants are 10 and 4,990 units, respectively. The minimum and maximum application amounts for Nepalese nationals working abroad are 10,800 and 10,800, respectively.

The issue manager for this IPO is Nabil Investment Bank. CARE Ratings Nepal Limited has rated Kalinchowk Darshan Limited as “CARE-NP BB+(Is)” (CRNL). In Nepal, timely payment of financial commitments is essential.

Kalinchowk Darshan

On January 20, 2015, Kalinchowk Darshan L.td. was established. The company Kalinchowk Darshan Limited is a publicly traded LTD. Many individuals and groups support the plan to build and run a cable car in Kalinchowk, Dolakha, Nepal.

The proposal includes a cable car trip of around one kilometre and four gondolas (2 gondolas for each system). To transport passengers from the bottom station in Kuri Valley to the top station’s Kalinchowk Temple.

 

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