Sarvottam Paints Industries Closing First Phase of IPO from Today
May 7, 2026 | Investopaper
Sarvottam Paints Industries Limited is currently issuing shares to the general public (IPO).
In the first phase of IPO, the company is selling 85,000 shares to the foreign employed Nepalis from Baisakh 21, 2082 BS. The first phase of IPO will close on Baisakh 24, 2082 BS.
For this purpose, Securities Board of Nepal (SEBON) has given the approval to the company on Baisakh 2, 2082 BS.
The company had submitted the application to the board on Falgun 20, 2081 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
In the first phase, the company will issue shares to the foreign employed Nepalese. Likewise, in the second phase, the company will float shares to the general public, including the employees of the company and the mutual fund schemes.
In total (including the first and second phase), the company has plans to issue 8.5 lakh shares. At a par value of Rs. 100, the public offering amounts to Rs. 8.50 crores.
The company has appointed Global IME Capital Limited as issue and sales manager for the IPO. The agreement for public offering has already been signed between the company and Global IME Capital in this regard.
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