Kalinchok Darshan Limited has opened the IPO sale for the general public from Tuesday.
The company has opened an IPO sale of 10 lakh 80 thousand shares worth Rs 10 crore 80 lakh. Out of this, 10 percent i.e. 100,800 shares have already been issued for Nepalis who are employed abroad. Similarly, 5 percent i.e. 54 thousand shares for collective investment fund and 2 percent i.e. 21 thousand 600 shares have been allocated for employees.
The general public can apply for the remaining 896 thousand 400 shares. Care Rating Nepal has given ‘Care NP Double B Plus’ Issuer Rating to Kalinchok Darshan. The application can be submitted till Magh 6.
The company said that if all the shares are not sold during that period, then the application can be made until Magh 17. Investors can apply for a minimum of 10 shares to a maximum of 4,990 shares.
Shares can be filled through C-Aswa approved banks and financial institutions and my shares. Nabil Investment Banking will be the sales manager.