Sarvottam Paints Industries Limited is set to launch its Initial Public Offering (IPO) for Nepalis working abroad starting from Baisakh 21.

The company will issue 85,000 shares under this phase, with the application window open until Baisakh 24. Investors can apply for a minimum of 10 shares and a maximum of 5,000 shares.

The issue manager for the IPO is Global IME Capital Limited.

Earlier, the Securities Board of Nepal had granted approval to the company for the IPO issuance on Baisakh 2.

This IPO is specifically targeted at Nepalis employed abroad, with remaining shares expected to be offered to the general public in subsequent phases.