Kalinchowk Darshan Limited IPO opened to the general public from today. Kalinchowk Darshan Limited has issued 896,400 unit shares of Rs 100 face value from Magh 3, 2079.
The company aims to collect Rs 8.96 crore from this IPO. The IPO will close on Magh 6, 2079.
The company’s total shares are 10,80,000 units. Out of which 10% or 108,000 units were already allotted to Nepalese citizens working abroad and 2% or 21,600 units have been reserved for the employees of the company and 5% of the total offered shares or 54,000 units have been reserved for the mutual funds. The remaining shares of 896,400 units are open to the general public now. After this issue, the paid-up capital of the company will be reached Rs. 60 Crores.
Before that, the company was issued 1,20,000 unit shares worth Rs. 1.2 crores to the project-affected locals and 108,000 units shares to Nepalese citizens working abroad. Till date, 80% of shares are of the promoter shareholders.
Nabil Investment Banking Limited is the issue manager for the IPO. An investor can apply for a minimum of 10 units and a maximum of 4,990 units for this IPO.
CARE Ratings Nepal Limited (CRNL) provided ‘CARE-NP BB+(Is)’ to Kalinchowk Darshan Limited IPO. This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
kalinchowk Darshan limited IPO how to apply
kalinchowk Darshan limited IPO how to apply, you need to follow the following steps;
Are you looking for how to apply Kalinchowk Darshan IPO from Mero Share ? If yes, here is the steps to apply IPO of Kalinchowk IPO.
- Go to official website https://meroshare.cdsc.com.np/
- Select Your DP (Bank or Capital where you open your mero share and CRN account)
- Enter the user name and password,
- Click on login bottom
- Go to my ASBA
- Click on my ASBA
- See the Apply on issue
- Click on the Apply bottom
- Fill in the required information (Select bank account, number of applied shares)
- Enter the CRN number on the same page and click on all information in the current option,
- Then click on apply
- Then write the four-digit security code
- Then submit
- Application was completed; you will see that successfully applied with green color.
Kalinchowk Darshan Limited Share Price
kalinchowk darshan limited share price is in the range of Rs. 89.34 (lower range) and three times of lower range i.e. NRP. 268.02(upper range).
Capital Structure Pre and Post IPO
| Particulars | Pre IPO | Post IPO | Percentage |
| Promoter | 480,000,000 | 480,000,000 | 80.00% |
| Total Issue | 120,000,000 | 20.00% | |
| Project Affected People | 12,000,000 | 2.00% | |
| Public | 108,000,000 | 18.00% | |
| Total | 480,000,000 | 600,000,000 | 100.00% |
Kalinchowk Darshan Limited
Kalinchowk trek is located in the eastern hilly region of Nepal in the Dolakha district. Kalinchowk trek is famous for Kalinchowk Bhagwati Temple which is located on the top of a hill at the altitude of 3842M.
This temple belongs to goddess Bhagwati famous for the fulfillment of pilgrim’s pray & desires. Besides the pilgrimage, it offers a stunning view of Mt Gaurishankar, Jugal, and Annapurna & Everest. Another impressive factor of this trek is we can see many different people from different cultures & castes living with harmony and multi-culture like Sherpa, Tamang & Brahmin, Chhetris can be seen during the journey.
Rhododendron forest, birds & animals found in this region is another highlight. This region is located in the Gaurishankar conservation area where two famous rivers Sunkoshi & Tamakoshi originate which later reaches river Koshi one of the largest rivers in Nepal. Taking a few hours hike from Kuri 3200 m Kalinchowk Bhagwati temple can be reached which is located at the top of a hill.
Kalinchowk Darshan Limited IPO Allotted to Project-affected Locals and Nepalese Employed Abroad
Kalinchowk Darshan Limited has recently allotted IPO shares to the project-affected locals and Nepalese citizens working abroad. The allotment event was completed on Poush 20, 2079.
The company has a Rs. 60 crore issued capital, of which 2%, or 1,20,000 unit shares, worth Rs. 1.2 crores, were allotted to residents impacted by the project. In the meantime, 10,80,000 unit shares, representing 18% of the company’s issued capital, will be distributed to the general public later. 10% of the shares in this public offering, totaling 1,08,000 units, were reserved for Nepalese nationals working abroad when the issue was opened on Mangsir 14.
The business hereby notifies that, in accordance with the notice published today, the issued units were distributed to the qualified applicants on Poush 20.
