Kathmandu. Everest Colours Limited is set to open its initial public offering (IPO) from April 26. In the first phase, the company is issuing IPO to Nepalese working abroad. <\/p>\n
The company was allowed to issue 7,90,000 units of shares worth Rs 7.90 crore, i.e., 26.33% of its issued capital. The company is issuing 79,000 units of shares worth Rs 79 lakhs to Nepalese who are employed abroad after obtaining labour permit from the concerned body of the government. <\/p>\n
Applications can be place for minimum 10 units and maximum 7,000 units of shares can be applied for the IPO. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance. <\/p>\n
Nepalis working abroad can apply for the IPO till May 22. If the full application is not received within this period, the issue period will be extended till May 13. <\/p>\n
Care Ratings Nepal has assigned CareNP Double B Issuer Rating to the company for the IPO issuance. This indicates that there is a moderate risk to the company’s ability to meet its obligations. <\/p>\n
The Nepalese nationals who are on foreign employment can apply online from all ASBA member banks and financial institutions and their designated branches and CDS & Clearing Limited through the C-ASBA system. <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Everest Colours Limited is set to open its initial public offering (IPO) from April 26. In the first phase, the company is issuing IPO to Nepalese working abroad. The company was allowed to issue 7,90,000 units of shares worth Rs 7.90 crore, i.e., 26.33% of its issued capital. The company is issuing 79,000 units […]<\/p>\n","protected":false},"author":9,"featured_media":199766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45159],"tags":[],"class_list":["post-297034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/297034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=297034"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/297034\/revisions"}],"predecessor-version":[{"id":297035,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/297034\/revisions\/297035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/199766"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=297034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=297034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=297034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}