Issuing the IPO ‘Kalinchok Darshan Limited
Kalinchok Darshan Limited will begin selling ordinary shares to the general public. From Magh 3rd, the company will launch an initial public offering (IPO) of 8,96,400 shares at a nominal price of Rs 100 per share. The company had allocated 1080 thousand shares worth Rs 108 million to the general public, representing 18% of its issued capital of Rs 600 million. Out of this, 10%, or 100,800 shares, have already been given to Nepalese working abroad, while 5%, or 54 thousand shares, have been distributed to the collective investment fund.
Similarly, 21,600 2% shares have been set aside for employees. According to the company, the remaining 896 thousand 400 shares are open to the general public. According to the company’s invitation letter, the general public can apply for a minimum of 10 shares and a maximum of 4,990 shares to be issued.
Investors can apply for shares via the ‘C ASBA’ system and online via ‘Mero Shares‘ from ASBA member banks and financial institutions approved by the Nepal Securities Board, as well as their designated branch offices. The company’s issuing and selling manager is Nabil Investment Banking Limited. Kevalkar is being operated by the company from Charikot in Dolakha to the Kalinchok Bhagwati Temple. Care Nepal has awarded the company the ‘CareNP BB Plus IR’ certificate.