Kalinchowk Darshan Limited issuing IPO to the General Public

Kalinchowk Darshan Limited is going to issue the IPO to the general public. kalinchowk darshan limited share price is Rs. 100 to apply IPO. IPO of kalinchowk darshan limited is opening from Magh 3rd 2079. kalinchowk darshan limited ipo result is available in meroshare.

If you want to know kalinchowk darshan limited ipo how to apply, then you will find out in the post. Kalinchowk darshan ipo notice news details are here.

The kalinchowk darshan will be issuing 896,400 unit shares of Rs 100 face value. The kalinchowk darshan will collect Rs 8.96 crore from this IPO. The IPO early closing date is on 6th Magh and if the IPO is not fully subscribed till this date, it can be extended up to Magh 17, 2079.

Out of the 10,80,000 total units, 10 percent, or 108,000 shares, have already been distributed to Nepalese citizens working abroad; 2 percent, or 21,600 shares, have been reserved for the company’s employees; and 5 percent, or 54,000 shares, have been reserved for mutual funds. The general public will receive the remaining 896,400 units. The company’s paid-up capital will reach Rs. 60 billions of dollars after the IPO.

Kalinchowk Darshan Limited
Kalinchowk Darshan Limited

The company had previously distributed Rs. 1,20,000 worth of unit shares. 1.2 crores to the locals affected by the project and 108,000 shares to Nepalese citizens working in other countries. In total, the promoter shareholders own 80% of the company’s shares.

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The IPO issue has been assigned Nabil Investment Banking Limited as the issue manager. There is a maximum of 4,990 units for which applications can be submitted, with a minimum of 10 units.

Kalinchowk Darshan Limited has been given the rating “CARE-NP BB+(Is)” by Nabil Bank CARE Ratings Nepal Limited (CRNL). In terms of meeting their financial obligations in a timely manner in Nepal, issuers with this rating are thought to have a moderate risk of default.

On January 20, 2015, Kalinchowk Darshan Limited became a public limited liability company. For the purpose of establishing and running a cable car project in Kalinchowk, Dolakha, Nepal, it is pushed by individuals and organizations with diverse backgrounds. The project consists of a cable car journey that is approximately one kilometer long and consists of four gondolas—two gondolas per system—that will take passengers from the Kuri Valley’s bottom station to the Kalinchowk Temple at the top. It can carry 192 passengers per hour in a single direction.

Kalinchowk trek is located in the eastern hilly region of Nepal in 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 pilgrims pray & desire. Besides the pilgrimage, it offers a stunning view of Mt Gaurishankar, Jugal, and Annapurna & Everest. Another impressing factor of this trek is we can see many different people from different culture & caste 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 Gaurishankar conservation area where two famous river Sunkoshi & Tamakoshi originates 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.

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