Everest Color Limited is set to issue its Initial Public Offering (IPO) in the first phase to Nepalis working abroad starting from Baisakh 16. The company had received approval from the Securities Board of Nepal (SEBON) to issue 26.33% of its total issued capital of Rs. 30 crore, equivalent to 7 lakh 90 thousand shares worth Rs. 7 crore 90 lakh.
Out of the total issuance, 10% or 79 thousand shares have been specifically allocated for Nepalis employed overseas with valid labor approval, as per regulatory provisions.
Eligible investors can apply for a minimum of 10 shares and a maximum of 7,000 shares. The application window for foreign-employed Nepalis will remain open until Baisakh 22.
The IPO issuance and sales management has been assigned to Muktinath Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
COMMENTS