Everest Colour Limited IPO Allotment Concludes: Lucky 65,570 Applicants Allotted 10 Units Each via Lottery System
Thu, Jun 18, 2026 10:47 AM on IPO/FPO News, IPO/FPO Result News, Latest,
Everest Colour Limited's IPO allotment was concluded today at the premises of the issue manager, Muktinath Capital Limited, Naxal, Kathmandu.
The issued capital of the company is Rs. 30 Crores. Of this, 26.33%, i.e., 7,90,000 unit shares, will be issued to the public. Of this general public issue, 10% of 7,90,000, a total of 79,000 unit shares, were allotted to Nepalese citizens working abroad.
Of the general public issue, 2%, i.e., 15,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 39,500 units, have been reserved for mutual funds. The remaining 6,55,700 units were issued for the general public, and the allotment concluded today.
The issue received a total of 26,41,959 valid applications for 2,82,95,690 units. Meanwhile, 27,729 applications for 5,38,030 units were disqualified.
As per the allotment results, 65,570 applicants were allotted 10 units each through a lottery system.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.
CARE Ratings Nepal Limited (CRNL) has upgraded the issuer rating of Everest Colour Limited (ECL) to ‘CARE-NP BB (Is)’ from the earlier ‘CARE-NP BB- (Is)’. This rating indicates that the issuer carries a moderate risk of default in meeting its financial obligations on a timely basis in Nepal.
Everest Colour Limited is a public limited company originally incorporated on May 05, 2011, as a private limited entity and later converted into a public limited company on June 24, 2024. The company is engaged in the production and sale of a wide range of paints, including exterior and interior emulsion paints and primers, enamel paints, wood and metal primers, acrylic distempers, aluminium paints, gold paints, cement paints, floor coatings, and industrial paints. Its manufacturing plant is situated at Tungara-03, Chitwan, and the company has been in operation for over a decade.
