This page provides information on how to check the result of the Kalinchowk Darshan Limited (KDL) IPO.

Kalinchowk Darshan IPO issue had opened on Magh 03.

IPO Details

Result DateMagh 19
Total No of Shares10,80,000 Units
For Nepalese citizens working abroad108,000 Units
For Employee21,600 units
For Mutual Fund54,000 Units
For General Public896,400 Units
No of Applicants14,32,881
No of the applied units1,66,08,000 Units
StatusOversubscribed by 18.53 Times
Issue ManagerNabil Investment Banking Limited

How to Check IPO result?

The IPO result can be checked through the following three methods:

  1. Meroshare website
  2. Capital website
  3. Company’s official website.

Here are the links of the sites from where you can check IPO result of Kalinchowk Darshan:

Nabil Investment Banking
Kalinchowk Darshan

Notes to consider:

  1. The allotment process will commence at 10:00 A.M. The results may take 2-4 hours to be updated on the websites.
  2. When the results are published, the websites may experience heavy traffic, causing slower loading times or possible interruptions. To check the results without any issues, it is recommended to wait for the result to be updated on the Meroshare site.

Also Read :

About Company

Kalinchowk Darshan Limited is a public limited company, incorporated on January 20, 2015. It is promoted by individual and institutional promoters from different backgrounds for setting up and operating a Cable Car Project at Kalinchowk, Dolakha, Nepal. The project includes about 1 Km long cable car journey, having a total of 4 Gondolas (2 gondolas per system) to transport passengers from the bottom station at Kuri Valley to the Kalinchowk Temple at the top. It has a capacity to transport 192 passengers per hour in one way trip.

CARE Ratings

CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP BB+(Is)’ to Kalinchowk Darshan Limited. Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations in Nepal.

Key Rating Weaknesses

  • Revenue concentration towards single property exposing operations to geographic concentration risk.
  • Seasonality of revenues and small scale of operations.
  • Project implementation risk related to setting up of proposed hotel property.
  • Exposure to volatile interest rate.

Key Rating Strengths

  • Experienced Promoters.
  • Strategic location of the project.
  • Sustained Equity Infusion leading to moderate capital structure and debt service coverage indicators.

Financial Highlights