IPO Issue of Everest Colour Limited Closing Today; Oversubscribed 40.16 Times So Far
Summary
Everest Colour Limited's IPO closing today is oversubscribed 40.16 times, with strong demand for its shares. The company produces a wide range of paints and has been upgraded to CARE-NP BB (Is) rating.
Key Points
- Everest Colour Limited is closing its IPO of 655,700 shares at par value Rs 100 today.
- The IPO is oversubscribed 40.16 times, with 2,435,767 applicants applying for 263,341,60 units.
- CARE Ratings Nepal Limited upgraded Everest Colour Limited’s issuer rating to 'CARE-NP BB (Is)'.
- The company manufactures various types of paints and operates its manufacturing plant in Tungara-03, Chitwan.
