IPO of Kalinchowk Darshan issue for public from January 17

KATHMANDU, Jan 08: Kalinchowk Darshan will open the IPO issue for the public from January 17th. The company is issuing 8,96,400 shares to the general public.

A maximum of 4,990 shares can be applied for. Must apply for at least 10 shares. Last date to apply is 20th January.

Before this, the company has already opened the IPO sale and distributed it to the locals of Dolakha district and the Nepalese who have gone for foreign employment in the project-affected area.

The company has issued 20% IPO of issued capital of 600 million rupees.

Out of which Rs 1 crore 2 million has been sold to the residents of the project affected areas. 1 lakh 8 thousand shares have been sold to foreign workers.

21,600 shares have been allocated to employees and 54,000 shares to mutual funds. The remaining 896 thousand 400 shares are being opened for sale to the general public.