Everest Colour Limited Closing 79,000 Units IPO for Foreign Nepalese Immigrants Today
Summary
Everest Colour Limited is closing the IPO issue for foreign Nepalese immigrants today, with 79,000 shares reserved for Nepalese working abroad. The IPO is oversubscribed by 14.48 times.
Key Points
- Everest Colour Limited is closing its IPO issue reserved for foreign Nepalese immigrants today, with 79,000 units allocated.
- The company's total public offering consists of 790,000 shares, representing 26.33% of its Rs. 30 Crore issued capital.
- The IPO has been oversubscribed 14.48 times with 86,567 applicants requesting 1,144,120 shares in total.
- CARE Ratings Nepal Limited upgraded Everest Colour Limited's issuer rating to 'CARE-NP BB (Is)', indicating moderate risk.
