Kathmandu. Sarbottam Paints Industries Limited is all set to open its initial public offering (IPO) from May 21. The company is going to issue the first phase of the IPO targeting the Nepali nationals who are in foreign employment with a work permit. <\/p>\n
The company is planning to issue an IPO of Rs 8.5 crore, equivalent to 25% of the issued capital of Rs 34 crore. A total of 8,50,000 units of ordinary shares will be issued at a face value of Rs 100 per share. Out of the offered, 10% i.e. 85,000 units have been allotted for the Nepalese employed abroad. <\/p>\n
The last date to apply for the IPO is May 24 and the last date to apply for the IPO is May 17. Applications can be place for minimum 10 units and maximum 1000 units. <\/p>\n
Applications can be submitted from all ASBA member banks and financial institutions approved by the Securities Board of India and their designated branches. In addition, the applicants can also apply through the ‘Mero Share’ online system operated by CDS and Clearing Limited using C-ASBA. <\/p>\n
Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. The company is preparing to issue shares to the general public in the second phase after the IPO issuance for the Nepalis who are employed abroad in the first phase.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Sarbottam Paints Industries Limited is all set to open its initial public offering (IPO) from May 21. The company is going to issue the first phase of the IPO targeting the Nepali nationals who are in foreign employment with a work permit. The company is planning to issue an IPO of Rs 8.5 crore,Continue reading “Sarbottam Paints IPO to open from May 21”<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":67801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1391],"tags":[],"class_list":["post-83555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en"],"acf":[],"publishedDateNp":"\u096f \u092c\u0948\u0936\u093e\u0916 \u0968\u0966\u096e\u0969, \u092c\u0941\u0927\u092c\u093e\u0930 \u0966\u096f:\u096b\u096d","_links":{"self":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/83555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/comments?post=83555"}],"version-history":[{"count":1,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/83555\/revisions"}],"predecessor-version":[{"id":83556,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/posts\/83555\/revisions\/83556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/media\/67801"}],"wp:attachment":[{"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/media?parent=83555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/categories?post=83555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kalopati.com\/kp_api\/wp\/v2\/tags?post=83555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}