Kalinchowk Investment Company Limited is planning to issue its initial public offering (IPO) to the public in the near future. The company will proceed with the share issue after receiving the necessary approvals from the regulatory authorities.
For this process, the company has appointed Nabil Investment Banking Limited as the issue and sales manager.
Kalinchowk Investment has an issued capital of Rs 80 crore. Out of this, 30 percent will be offered to the general public through the IPO. The remaining 70 percent is already invested in various sectors. These include tourism projects such as cable car companies, energy companies, and agricultural production businesses, all in line with the guidelines set by the Securities Board of Nepal.
An agreement for the IPO management was signed today. On behalf of Kalinchowk Investment, chairman Bal Krishna Shivakoti signed the document, while chief executive officer Manish Narayan Joshi signed on behalf of Nabil Investment Banking Limited.
