IPO for General Public: Everest Colour Limited to Issue 6,55,700 Units IPO Shares from Jestha 22
Sun, May 24, 2026 11:29 AM on IPO/FPO News, Highlight News,
Everest Colour Limited will open its Initial Public Offering (IPO) to the general public on 22nd Jestha, 2083. The company is issuing 6,55,700 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 27th Jestha, 2083, but if the issue is not fully subscribed by then, the deadline will be extended to the 5th Ashad, 2083.
The company's issued capital 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 will be issued for the general public and opened from the date mentioned above.
Muktinath Capital Limited has been appointed the issue manager for the public offering. Applications could be placed for a minimum of 10 units and a maximum of 20,000 units.
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.
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