Opening from tomorrow, everyone can fill the IPO, how many applications?

Everest Color Limited is going to issue primary shares for general investors from tomorrow i.e. 22nd of May. The company is going to open the sale of 6 lakh 55 thousand 700 shares to the general public at a face value of Rs 100 per share. The company has already issued and distributed 79,000 shares allocated for Nepalis who are employed abroad. Similarly, 39,500 shares have been allocated for the collective investment fund and 15,800 shares for the employees of the company. The remaining shares are now going to be issued to the general public in the second phase.

Investors can apply for a minimum of 10 shares to a maximum of 10,000 shares in this IPO. Applications for IPO can be made as early as May 27. If the application is not submitted within that period, the eviction period will be extended until June 5. The issued capital of the company is 30 crore rupees. 790,000 shares equal to 26.33 percent of the same capital were allocated for public issue. Out of this, the rest of the shares are going to be opened to the general public after allotment and separation for various reserved groups.

Muktinath Capital Limited is the IPO issue and sales manager of the company. Investors can apply through ASBA member banks and financial institutions and their branch offices approved by the Nepal Securities Board. Also, you can apply online through my share. Care Rating Nepal has awarded 'Care NP Double B Issuer Rating' to the company. Such a rating indicates a moderate risk to the company's ability to meet its financial obligations on time.