Everest Colour Limited to Issue IPO to General Public from Jestha 22
May 25, 2026 | Investopaper
After the first phase, Everest Colour Limited is going to sell the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public will open from Jestha 22, 2083 BS.
The company is selling 6,55,700 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The public offering will close on Jestha 27, 2083 BS.
The company has allotted 39,500 shares to the mutual fund schemes and has reserved 1,5,800 shares to the employees of the company.
In total (including the first and second phase), the company has plans to issue 7.90 lakh shares. At a par value of Rs. 100, the public offering amounts to Rs. 7.90 crores.
First Phase: IPO To Foreign Employed Nepalis
In the first phase of IPO, the company had sold 79,000 shares to the foreign employed Nepalis from Baisakh 16, 2082 BS. The first phase of IPO was closed on Baisakh 22, 2082 BS.
For the purpose of public offering, Securities Board of Nepal (SEBON) had given the approval to the company on Baisakh 2, 2082 BS. The company had submitted the application to the board on Mangsir 28, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
Muktinath Capital Limited is issue and sales manager for the IPO. The agreement for public offering has already been signed between the company and Muktinath Capital in this regard.
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