Sarvottam Paints to Open IPO for General Public from June 11
Sarvottam Paints Industries Limited is set to launch its Initial Public Offering (IPO) for the general public from June 11, offering more than 705,000 ordinary shares at a face value of Rs. 100 per share.
Sarvottam Paints Industries Limited has announced that it will open its Initial Public Offering (IPO) to the general public from Jestha 28.
The company plans to issue 705,500 ordinary shares at a face value of Rs. 100 per share.
Under the public offering, investors will be able to apply for a minimum of 10 shares and a maximum of 5,000 shares.
According to the company, the IPO application period will remain open until Asar 2. If the issue is not fully subscribed within the initial period, the application deadline may be extended until Asar 11.
The IPO issuance and sales management responsibilities have been assigned to Global IME Capital Limited.
Sarvottam Paints' public offering is expected to attract investor interest as Nepal's primary market continues to see strong participation from retail investors seeking opportunities beyond the banking and hydropower sectors.