Everest Color IPO Launch: Laxmi Sunrise Capital Manages Nepali Paint Public Offering
12th June 2025, Kathmandu
Everest Color Limited, an ISO-certified Nepali company, is preparing to issue its Initial Public Offering (IPO) to the general public. The company has signed an agreement with Laxmi Sunrise Capital Limited to manage the IPO process.
Everest Color IPO Launch
Agreement Signed For IPO Management
On Wednesday, Everest Color signed a formal agreement with Laxmi Sunrise Capital. Managing Director Saroj Luintel represented Everest Color, while Vijaylal Shrestha, CEO of Laxmi Sunrise Capital, signed on behalf of the issue manager.
The agreement allows Everest Color to issue 790,000 units of ordinary shares shortly. The IPO aims to raise capital and expand the company’s operations.
Certified And Government-Recognized
Everest Color Limited holds ISO certification, confirming its commitment to international quality standards. The company is also registered with Nepal’s Department of Urban Development and Building Construction.
Additionally, Everest Color is in the process of obtaining the Nepal Standard (NS) mark, which signifies quality compliance under national guidelines.
Locally Driven And Visionary
The company was established through the efforts of a group of organized and passionate Nepali youths. Their main goal is to serve the nation by offering high-quality color products designed for Nepal’s infrastructure.
Unlike other color manufacturers, Everest Color focuses on the local market. It aims to replace imported products, reduce foreign dependency, and support Nepal’s economy.
Threefold Objective
Everest Color’s operations are guided by three clear objectives:
Promote import substitution by producing durable and quality paints for construction needs.
Create jobs by establishing a growing domestic manufacturing base.
Support the economy by contributing to the national revenue system.
The company believes in working for Nepal by providing sustainable and efficient solutions in the field of construction and urban development.
Credit Rating Achieved
In support of its financial strength, Everest Color recently received a “Double B Minus (BB-)” rating from Care Ratings Nepal Ltd. This indicates a moderate risk level for investors and reflects the company’s financial credibility.
Such a rating is important as it boosts investor confidence and highlights the company’s ability to meet its financial obligations.
IPO Launch To Expand Public Investment
With the planned issuance of 790,000 IPO shares, Everest Color is taking a step toward public ownership. This move will not only raise funds but also bring the public closer to its mission.
The IPO is seen as a chance for Nepali citizens to invest in a home-grown enterprise with a clear social and economic purpose.
Focused On Infrastructure And National Growth
Everest Color’s products are specially made for the physical structures of Nepal. The company understands the local environment and builds products that match Nepal’s construction challenges.
This unique focus makes Everest Color more relevant and reliable compared to imported brands that often fail to meet Nepal’s specific requirements.
Serving The Nation Through Industry
The company combines industrial strength with social responsibility. By encouraging domestic investment and employment, Everest Color shows how private companies can play a positive role in national development.
It offers a model for future businesses: one that aligns profit with purpose, and commerce with country.
Conclusion
Everest Color Limited is moving ahead with a strong vision. Backed by ISO certification, government recognition, and a solid credit rating, the company is well-positioned for growth. The upcoming IPO, managed by Laxmi Sunrise Capital, offers investors a new opportunity to support a Nepali brand with national goals.
With its focus on import substitution, job creation, and quality production, Everest Color is not just selling paint — it’s helping build Nepal’s future.
For more: Everest Color IPO Launch
