As of today at 4 p.m., or Magh 04, CDS & Clearing Limited (CDSC) has reported the information regarding Kalinchowk Darshan Limited’s (KDL) public IPO collection.
784,632 applicants have submitted applications to CDSC for a total of 9,236,950 units. As a result, the issue has already received a 10.30-fold oversubscription.
From today, Magh 03, until Magh 6, 2079, Kalinchowk Darshan Limited has begun offering its 896,400 unit IPO shares to the general public. If not, the issue will be available until the 17th of Magh in 2079. 10 percent, or 108,000 units, of the total 10,80,000 units have already been released and allocated to Nepalese people living and working abroad. 2%, or 21,600 units, have been set aside for firm personnel, while 5%, or 54,000 units, of the total offered shares have been reserved for mutual funds. The general public will receive the final 896,400 units. With this IPO, the business hopes to raise Rs 8.96 crore.
The issue manager for the IPO issuance is Nabil Investment Banking Limited. A minimum of 10 units and a maximum of 4,990 units may be requested in an application.
Kalinchowk Darshan Limited has been given the rating of “CARE-NP BB+(Is)” by CARE Ratings Nepal Limited (CRNL). Issuers with this grade are thought to have a modest risk of default when it comes to timely payment of debts in Nepal.