Kailash Helicopter Services Limited Appoints Muktinath Capital as Issue Manager for 3.5 Lakh IPO Shares

Kailash Helicopter Services Limited has appointed Muktinath Capital Limited as the issue manager for the Initial Public Offering (IPO). The company announced its plan to issue shares to the public from its total issued capital of Rs. 35 crores. The issuance will include 10% of the company's issued capital, equivalent to 3.5 lakh ordinary shares. These shares will be made available to the general public at a premium price.

In a recent program held on Magh 3, 2080, Kailash Helicopter's Managing Director, Mr. Pratap Jung Pandey, and Mr. Kabindra Dhoj Joshi, the Chief Executive Officer of Muktinath Capital, signed the agreement for the IPO issuance. The company, operational since March 23, 2018, has been providing diverse and high-quality services through three helicopters manufactured by the renowned company Airbus.

Kailash Helicopter has shown consistent profitability since its inception, even during the challenging period of the COVID-19 pandemic in the fiscal year 2076/77. The company has been distributing annual dividends to its investors, including a 5% bonus share and a 10% cash dividend from the profits of the fiscal year 2079/80. Post bonus shares distribution the paid-up capital of the company amounted to Rs. 31.5 crores. Following the bonus share distribution, the company has maintained a book value of Rs. 146.29.

In alignment with the recent directive from the Civil Aviation Authority of Nepal (CAAN) requiring helicopter companies to operate five helicopters within the next five years, Kailash Helicopter aims to expand its fleet. The company plans to add one helicopter in 2025 and two more in 2027, reaching a total of five helicopters in operation. Muktinath Capital's appointment as the issue manager for the IPO signifies a significant step in facilitating the public offering and further expansion of Kailash Helicopter Services Limited.