Kathmandu. Bandipur Kewalkar Company has issued an ipo for the general public from today. The company issued 20.70 percent of the issued capital of Rs 2.83 billion i.e. 5.86 million units of shares worth Rs 586 million.

In the first phase, the company has issued shares for the project affected and nepali workers who have gone abroad with labor approval for employment and in the second phase, it has issued shares for the general public.

However, the current financial condition of the ipo issued company is not satisfactory. The company’s earnings per share is negative at Rs 2.23 per share as of Mid-July of the fiscal year 2081/82 BS. The company with a net worth of Rs 93.02 is now in loss.

As of Mid-June, there was a loss of Rs 166.68 million. The profit is estimated to be Rs 48.086 million in fy 2082÷83 and Rs 508.468 million in FY 2083/84.

Similarly, the company is expected to earn Rs 16.27 per share in fy 2083/84 as against Rs 7.24 per share in FY 2082/83.

Similarly, the net worth will be Rs 101.70 per share in fy 2082-83 and Rs 117.97 per share in FY 2083/84. The company will pay Rs 99.03 million for loans taken from Nepal SBI Bank and Rs 185.89 million from NMB Bank.

The total cost of the project is Rs 3.85 billion. The projected cost rate is 10.21 percent. Its general investment repayment period is 8.22 years and the return period is 10.05 years. At present, Ram Chandra Sharma is the chairman of the company, Shiva Sharma, Taranath Upadhyay, Krishna Raj Adhikari, HariDutta Poudel, Rama Sapkota and Baburam Aryal are the independent directors.

RkD Holdings owns 16.13 per cent, Tourism Investment Fund 4.51 per cent, Panchase Kewalkar and Tours 2.24 per cent and Sagarmatha Lumbini Insurance Company 2.23 per cent. Similarly, Roshan Ghising owns 1.56 percent, Chairman Sharma 187,000 units, Director Shiva Sharma 87,710 units, Taranath Upadhyay 25,000 units, Krishna Raj Adhikari 39,000 units, HariDutta Poudel 43,500 units and Rama Sapkota 55,000 units.

Ram Chandra Sharma is the chairman of RKD Holdings Limited while Kiran Pokharel, Dharmaraj Bhandari, Ambika Prasad Poudel, Dhan Prasad Padhya and Sabina Acharya are the directors.

Ram Chandra Sharma, Deepak Gautam, Radha Dhakal, Shailesh Acharya, Mahesh Kumar Sikdel and Nanda Shrestha are the chairpersons of Tourism Investment Fund Limited. Chintamani Sharma is the managing director of Panchase Kewalkar and Tours Limited while Prem Sharma Subedi, Prem Giri, Krishna Bahadur Dhakal, Bishnu Gurung and Shushila Gurung are the directors.

Similarly, Manohar Das Molu is the chairman of Sagarmatha Lumbini Insurance Company while Ajit Raj Gunwarden, Arun Raj Shrestha, Siddhartha Mani Rajbhandari, Lokman Golchha, Padam Jyoti, Bijan Bhattarai and Nirmala Devi Manandhar are the directors.