Everest Color Limited is set to issue an Initial Public Offering (IPO), with the first phase opening for Nepali citizens working abroad with labor approval starting from Baisakh 16.
The company will issue 79,000 shares in this phase specifically for Nepalis employed in foreign countries. Interested investors can apply for a minimum of 10 shares and a maximum of 7,000 shares.
Eligible applicants can submit their applications through ASBA member banks and financial institutions approved by the Securities Board of Nepal, as well as their designated branches, using the C-ASBA system. Applications can also be made online through the “Mero Share” platform operated by CDS and Clearing Limited.
The IPO subscription window will open on Baisakh 16 and close early on Baisakh 22 or, if not fully subscribed, extend until Baisakh 30.
Muktinath Capital has been appointed as the issue and sales manager for the IPO.
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