Everest Colour Limited Issuing IPO Shares to Nepalese Employed Abroad From Baishakh 16
Summary
Everest Colour Limited has opened its IPO for Nepalese citizens working abroad starting from 16th Baishakh, offering 79,000 shares as part of its public issue. The company specializes in a wide range of paints and operates a manufacturing plant in Chitwan.
Key Points
- Everest Colour Limited is issuing an IPO offer to Nepalese citizens working abroad starting from 16th Baishakh 2083.
- A total of 7,90,000 shares are being issued to the public, with 10% (79,000 shares) reserved for Nepalese employed abroad.
- The minimum shares application for overseas Nepalese is 10 units and the maximum is 7,000 units.
- CARE Ratings Nepal Limited upgraded Everest Colour Limited's issuer rating to ‘CARE-NP BB (Is)’ indicating moderate risk.
