Kathmandu, Nov 22
Kalinchwok Darshan is set to issue initial public offering (IPO) from November 30. The company is issuing the IPO to locals of affected area and foreign migrated workers of Nepal to November 30.
The company will issue 2 percent ordinary shares of its issued capital worth Rs 600 million to the locals. Based on this, a total of 120,000 units of shares will be issued to the locals. Similarly, it will issue 18 percent of issued capital i.e. 108,000 units worth Rs 106 million to the foreign migrant workers.
The interested investors can apply for a minimum of 10 and maximum of 4,990 units for locals and 10,800 units for foreign migrant workers.
The deadline of the IPO 14, however, upon undersubscription, the locals of affected area can apply till December 29.
Care Ratings has assigned BB+ rating to the issue indicating moderate risks.
The company has appointed Nabil Investment as its issue manager. The investors can apply from the issue manager and office of Kalinchowk Darshan. Moreover, they can apply from Dolakha branch of Mega Bank and Century Bank and all C-ASBA approved BFIs.