Sarvottam Paints Industries Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 8,500 Lucky Applicants Receive 10 Units Each || Thrive Brokerage House Pvt. Ltd. ||

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NEPSE: 2740.25 -4.15 -0.15% |2026-05-13

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Sarvottam Paints Industries Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 8,500 Lucky Applicants Receive 10 Units Each

2026-05-14

The IPO allotment for Nepalese citizens working abroad by Sarvottam Paints Industries Limited was concluded today, 31st Baishakh, 2083.

The company's issued capital is Rs. 34 Crores. Of this, 25%, i.e., 8,50,000 unit shares, will be issued to the public. Of this general public issue, 10% of 8,50,000 units, a total of 85,000 units, were allotted to Nepalese citizens working abroad today. The remaining 7,65,000 units will be issued for the general public.

The issue received a total of 85,323 valid applications for 11,04,290 units. Meanwhile, 19 applications for 200 units were disqualified.

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