Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Everest Colours Limited.
The company is issuing 6,55,700 units of ordinary shares to the general public from June 5. Prior to this, 79,000 units of IPO was opened for the Nepali migrant workers from May 28 to April 6. After the completion of the IPO allotment, the IPO will be issued to the general public in the second phase.
Out of the total offered shares, 39,500 units have been set aside for the mutual funds and 15,800 units have been set aside for the employees of the company. The general public can apply for the remaining shares.
Applications can be place for minimum 10 units and maximum 1000 units. The company has been assigned a ‘Care NP Double B Issuer rating’ by its rating agency, CARE NP indicating a moderate level of risk on its ability to meet its financial obligations on time.
The interested bidders can apply for the IPO from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON). In addition, online applications can also be made through My Share System. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.
Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Everest Colours Limited.
The company is issuing 6,55,700 units of ordinary shares to the general public from June 5. Prior to this, 79,000 units of IPO was opened for the Nepali migrant workers from May 28 to April 6. After the completion of the IPO allotment, the IPO will be issued to the general public in the second phase.
Out of the total offered shares, 39,500 units have been set aside for the mutual funds and 15,800 units have been set aside for the employees of the company. The general public can apply for the remaining shares.
Applications can be place for minimum 10 units and maximum 1000 units. The company has been assigned a ‘Care NP Double B Issuer rating’ by its rating agency, CARE NP indicating a moderate level of risk on its ability to meet its financial obligations on time.
The interested bidders can apply for the IPO from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON). In addition, online applications can also be made through My Share System. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.
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