Sarvottam Paints Industries Limited Issuing IPO Shares to Nepalese Employed Abroad From Baishakh 21
Summary
Sarvottam Paints Industries Limited is issuing IPO shares to Nepalese citizens working abroad starting from 21st Baishakh 2083, with a portion of shares specifically reserved for them.
Key Points
- Sarvottam Paints Industries Limited is issuing IPO shares to Nepalese abroad starting 21st Baishakh 2083.
- The company has set aside 85,000 shares for Nepalese citizens working abroad from the total 850,000 shares issued to the public.
- Global IME Capital Limited is managing the IPO issue.
- CARE Ratings Nepal Limited upgraded Sarvottam Paints Industries Limited's issuer rating to ‘CARE-NP BB (Is)’ indicating moderate default risk.
