Sarvottam Paints Industries Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 8,500 Lucky Applicants Receive 10 Units Each
Summary
Sarvottam Paints Industries Limited completed its IPO allotment for Nepalese citizens working abroad, allocating 10 units each to 8,500 lucky applicants. The company also received over 85,000 valid applications for its shares.
Key Points
- Sarvottam Paints Industries Limited concluded its IPO allotment for Nepalese citizens living abroad.
- A total of 8,500 applicants were allotted 10 units each from 85,000 units reserved for the diaspora.
- The company has an issued capital of Rs. 34 Crores with 25% shares issued to the public.
- Sarvottam Paints' manufacturing plant is located in Godawari-02, Attariya, Kailali, with its sales office in Madhyapur Thimi-02, Bhaktapur.
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