Everest Colours IPO has opened to the public from June 5, 2026, after issuing shares to Nepali people who are foreigners.
The corporation will be issued with a total of 790,000 units of ordinary shares valued at Rs 79 million, which constitutes 26.33 percent of the total issue capital of Rs 300 million. Previously, there was an issue of 79,000 shares valued at Rs 7.9 million.
In the second stage, the firm will make an issue of 655,700 units of shares to the general public with a face value of Rs 100 per share.
The investor who is interested in applying can buy a minimum of 10 units and a maximum of 7,000 units. The IPO will be closed earlier on June 10 and later on June 19.
The issuer manager for this issuance is Muktinath Capital. All C-ASBA-approved BFIs and MeroShare can be used by investors for the application process.
On the other hand, Care Ratings Nepal has rated the firm BB. This means that there is a moderate risk involved for meeting financial obligations.
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