•      Fri Jun 21 2024

‘Kalinchok Darshan’ Ltd opens IPO


Kathmandu: Kalinchok Darshan Limited has opened the sale of ordinary shares for local and Nepalese working in foreign countries. In the first phase, the company has opened the issue and sale of 2,28,000 number of shares as initial public offering (IPO) at a fixed rate of Rs 100 per share from today.

The company has set aside two percent of its issued capital of Rs 600 million, i.e. a total of 120,000 shares worth Rs 12 million for local residents affected by the project. Similarly, 100,008 shares will be assigned to foreign employees.

It is mentioned in the invitation letter released by the company that local residents affected by the project can apply for the purchase of a minimum of 10 shares to a maximum of 4,990 shares Likewise, Nepalis who are employed abroad can apply for the purchase of a maximum of 10,800 shares.

Investors can apply for the purchase of shares from the branch offices designated by Mega Bank and Century Bank and the company’s office and the company’s securities issuance and sales manager, Nabil Investment Banking Limited.