Kathmandu. Shares of Everest Color will be traded in the secondary market from Friday.
Everest Color IPO has been listed on the Nepal Stock Exchange (NEPSE) today. The IPO of any company starts trading from the second day of its listing. Accordingly, the company’s shares will be traded from tomorrow.
A total of 3 million units of Everest Color shares of Rs 100 each have been listed in NEPSE. Out of this, 790,000 units i.e. 26.33% of the promoter shares are held at the public level and 22,10,000 units (73.67%) from the promoter.
For the first transaction, NEPSE has fixed a minimum of Rs 100 to a maximum of Rs 300 per share. The trading signal is that the company has received ‘ECL’.
Now, in the special presession on Friday, the shares of the company will be traded for the regular session if it is traded within the range set by NEPSE.
Everest Color had opened its IPO to the general public from June 5 to June 7. The IPO was allotted on June 4.
