January 18, 2024 | Investopaper
Kailash Helicopter Services Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Muktinath Capital Limited as the issue and sales manager.
An agreement has been reached between the company and Muktinath Capital on this regard. The agreement was signed by Pratap Jung Pandey, Managing Director of Kailash Helicopter Services and Kavindradhwaj Joshi, Chief Executive Officer of Muktinath Capital.
The company has plans to sell 3.50 lakh shares in the public offering at a premium price.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
At present, the company has a paid-up capital of Rs. 31.50 crores.
About Kailash Helicopter Services Limited
Kailash Helicopter Services Limited, incorporated in 2017, has been providing services with three AS350 series helicopters manufactured by France’s Airbus company.