Sarvottam Paints Industries Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 8,500 Lucky Applicants Receive 10 Units Each
Thu, May 14, 2026 10:09 AM on IPO/FPO News, IPO/FPO Result News, Highlight News,
The IPO allotment for Nepalese citizens working abroad by Sarvottam Paints Industries Limited was concluded today, 31st Baishakh, 2083.
The company's issued capital is Rs. 34 Crores. Of this, 25%, i.e., 8,50,000 unit shares, will be issued to the public. Of this general public issue, 10% of 8,50,000 units, a total of 85,000 units, were allotted to Nepalese citizens working abroad today. The remaining 7,65,000 units will be issued for the general public.
The issue received a total of 85,323 valid applications for 11,04,290 units. Meanwhile, 19 applications for 200 units were disqualified.
As per the allotment module, 8,500 applicants were allotted 10 units each.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Global IME Capital Limited
Global IME Capital Limited was appointed as the issue manager. The minimum application quantity for Nepalese citizens working abroad was 10 units, and the maximum was 5,000 units.
CARE Ratings Nepal Limited (CRNL) has upgraded the issuer rating of Sarvottam Paints Industries Limited (SPIL) to ‘CARE-NP BB (Is)’ from ‘CARE-NP BB- (Is)’. This rating indicates that the issuer carries a moderate level of default risk in meeting its financial obligations on time within Nepal.
Sarvottam Paints Industries Limited (SPIL), originally incorporated as a private limited company on January 23, 2015, was later converted into a public limited company on July 14, 2022. The company is engaged in the production and sale of a wide range of products, including decorative interior and exterior emulsion paints, primers, enamel paints, water-based primers, distemper, waterproofing liquids, oil-based primers, gold paints, cement paints, thermoplastic road marking paints, and wall putty. Its manufacturing plant is located in Godawari-02, Attariya, Kailali, while its sales depot office is situated in Madhyapur Thimi-02, Bhaktapur, Nepal.
