Kathmandu. Sarbottam Paints Industries Limited is issuing initial public offering (IPO) from June 12. The company is going to issue the IPO for the general public after the IPO allocation for the Nepalese working abroad. <\/p>\n
The company was allowed to issue 8,50,000 units of shares worth Rs 8.5 crore, i.e., 25% of its issued capital of Rs 34 crore. Out of the offered, 10% i.e. 85,000 units of shares have been issued to the Nepalese working abroad. Similarly, the company has already allotted 42,000 units of ordinary shares to mutual funds. <\/p>\n
The company is issuing 7,05,500 units of shares worth Rs 7,05,50,000 to the general public after allotting 17,000 units to the employees. <\/p>\n
Applications can be place for minimum 10 units and maximum 5000 units. The last date to apply for the IPO is June 15 and the last date is June 27. <\/p>\n
Care Ratings Nepal has assigned CareNP Double B Minus Issue Rating to the company. This indicates that there is a moderate risk to the company’s ability to meet its obligations. <\/p>\n
Global IME Capital Limited has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the shares online from all ASBA member banks and financial institutions and their designated branches and CDS & Clearing Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Sarbottam Paints Industries Limited is issuing initial public offering (IPO) from June 12. The company is going to issue the IPO for the general public after the IPO allocation for the Nepalese working abroad. The company was allowed to issue 8,50,000 units of shares worth Rs 8.5 crore, i.e., 25% of its issued capital […]<\/p>\n","protected":false},"author":9,"featured_media":154459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45159],"tags":[],"class_list":["post-302908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=302908"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302908\/revisions"}],"predecessor-version":[{"id":302909,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/302908\/revisions\/302909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/154459"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=302908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=302908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=302908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}