Everest Colour Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 7,900 Lucky Applicants Receive 10 Units Each
Summary
Everest Colour Limited concluded its IPO allotment for Nepalese citizens working abroad, allocating 10 units each to 7,900 successful applicants from a total issuance of 79,000 unit shares.
Key Points
- Everest Colour Limited has concluded the IPO allotment reserved for Nepalese citizens working abroad on 29th Baishakh, 2083.
- The company issued 79,000 shares specifically for Nepalese abroad, allotting 10 units each to 7,900 applicants.
- The total IPO involved 7,90,000 unit shares for general public, with 26.33% of the company's capital issued to the public.
- CARE Ratings Nepal Limited upgraded Everest Colour Limited's issuer rating to 'CARE-NP BB (Is)', indicating moderate financial default risk.
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