Opening Range of Kalinchowk Darshan Limited
Kalinchowk Darshan has recently issued 12,00,000 unit IPO shares to the project affected locals and general public in Nepal. The company has already concluded IPO allotment and applicants have been allotted with shares of Kalinchowk Darshan via lucky draw. Its shares will soon be listed in NEPSE and then can be traded afterwards. Investors who have been allotted with shares of Kalinchowk Darshan are curious to know about its opening range.
Opening Range of Kalinchowk Darshan
The book value per share of Kalinchowk Darshan as on FY 2078/79 is Rs. 89.34. And the opening range of companies listed in NEPSE can be up to three time its book value. So, the listing range of Kalinchowk Darshan will be from Rs 83.34 (lower range) to Rs 268.02 (upper range).
About the Company: Kalinchowk Darshan Limited
Kalinchowk Darshan Limited is a public limited company located in eastern hilly region of Nepal in the Dolakha district. It is promoted by individual and institutional promoters from different backgrounds for setting up and operating a Cable Car Project.
The project includes about 1 Km long cable car journey having the capacity to transport 192 passengers per hour in one-way trip. The place is famous for Kalinchowk Bhagwati Temple, beautiful sceneries and is Nepal’s most popular religious and tourist destination. Lots of national and international tourist visit Kalinchowk during winter season to experience snowfall.
Conclusion
Hence, the opening range of Kalinchowk Darshan will be from Rs 83.34 (lower range) to Rs 268.02 (upper range).
