Sarvottam Paints IPO Opens for Public Subscription Today
Sarvottam Paints Industries Limited has opened its IPO for the general public today, offering 705,500 ordinary shares at a face value of Rs. 100 per share.
Sarvottam Paints Industries Limited has officially opened its Initial Public Offering (IPO) for public subscription today.
The company is issuing a total of 705,500 ordinary shares at a face value of Rs. 100 per share. Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.
The company has received a ‘CARE-NP BB (Issuer Rating)’ from CARE Ratings Nepal, indicating a moderate level of risk regarding its ability to meet financial obligations on time.
The IPO subscription period will remain open until Asar 2 if fully subscribed within the initial offering period. The deadline may be extended if the issue is not fully subscribed.
Interested investors can submit applications through ASBA-approved banks and financial institutions authorized by the Securities Board of Nepal (SEBON). Applications can also be submitted online through the MeroShare platform.
Global IME Capital Limited has been appointed as the issue and sales manager for the offering. The IPO application process became available from 10:00 AM today.