Investors of Sarbottam Paints Industries and Mount Everest Power Development are facing confusion as their IPO shares have not arrived in Demat accounts even after a month of allotment.
It has been almost a month since the IPO allotment of Sarbottam Paints Industries and Mount Everest Power Development, but the shares are still not seen in demat accounts of investors. This has created a lot of confusion among general public who are waiting to see their shares.
Why is there a delay?
According to CDSC, the main reason behind this delay is Nepal Stock Exchange (NEPSE) taking time to give the stock code for these companies. The process of sending share details to CDSC by the share registrar only starts after NEPSE provides the official stock code. Once the details are received, CDSC verifies them and then start depositing the shares into investor’s demat accounts.
Sarbottam Paints IPO Status
For Sarbottam Paints Industries, the share registrar has already sent the necessary files to CDSC. CDSC has informed that the verification process is in its final stage and they are preparing to depositing the shares into investor’s demat accounts today.
Mount Everest Power Status
For Mount Everest Power Development, the share registrar, Muktinath Capital, is preparing to send the share details to CDSC today. After receiving this, CDSC will quickly complete the verification process and deposit the shares in the demat accounts of investors.
Listing and Trading
Once the shares of both companies are successfully credited to the demat accounts, they will be listed on NEPSE within a few days. The trading in secondary market will start from the very next day of listing on NEPSE.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
