Sarvottam Paints Industries to Issue 7,05,500 Shares to General Public from Jestha 28 [IPO]
June 2, 2026 | Investopaper
After the first phase, Sarvottam Paints Industries Limited is going to issue 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 28, 2083 BS.
The company is selling 7,05,500 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.
The public offering will close on Ashad 2, 2083 BS.
The company has allotted 42,500 shares to the mutual fund schemes and has reserved 17,000 shares to the employees of the company.
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.
First Phase: IPO To Foreign Employed Nepalis
In the first phase of IPO, the company had sold 85,000 shares to the foreign employed Nepalis from Baisakh 21, 2082 BS. The first phase of IPO was closed 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.
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.
Recommended:
