Everest Color Limited Concludes Initial Public Offering Allotment via Lottery System
18th June 2026, Kathmandu
Everest Colour Limited has officially finalized the share allotment phase of its initial public offering on Thursday morning.
Everest Colour IPO Allotment
The formal equity distribution program was hosted at the central headquarters of the designated issue and sales manager, Muktinath Capital Limited, situated in Naxal, Kathmandu. Company executives and capital market coordinators gathered to verify the final application pools, run the digital selection codes, and publish the official investor tracking logs. The successful closing concludes the second phase of the public offering project, which aimed to secure fresh capital to scale up production operations.
Comprehensive Summary of Application Ratios and Subscription Volumes
The primary market issuance attracted heavy subscription volumes, requiring the issue manager to execute a strict verification check on all inbound investor files.
- Issuing Corporate Entity: Everest Colour Limited
- Designated Issue and Sales Manager: Muktinath Capital Limited
- Total Share Volume Offered to General Public: 655,700 Ordinary Shares
- Standard Face Value per Unit Asset: 100 Nepalese Rupees
- Gross Volume of Inbound Submissions: 2,687,421 Individual Applications
- Total Verified and Eligible Application Count: 2,641,959 Units
- Disqualified or Invalid Application Count: 45,462 Units
- Total Lucky Allottees Selected via Computer Program: 65,570 Applicants
- Standard Base Allocation per Winning Account: 10 Shares Each
- Volume of Valid Bidders Remaining Empty Handed: Approximately 2,576,389 Applicants
Distribution Mechanics and Official Result Verification Channels
Because the gross public demand outstripped the available retail stock pool, the financial overseers used a centralized lottery system to guarantee a fair distribution.
The automated selection engine assigned 10 equity units to each of the 65,570 selected accounts, completely exhausting the 655,700 public share blocks. The remaining 2.576 million verified retail bidders did not receive any shares from this specific float.
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To maintain transparency, the issue board has uploaded the final searchable lists across multiple digital platforms. Investors can check their 16 digit Beneficial Owner Identification Number using the official central registry portal, the main corporate page of Muktinath Capital, or the native Mero Share mobile app and C-ASBA digital platforms.
Corporate Foundation and Manufacturing Infrastructure of the Issuer
Everest Colour Limited operates as an established paint production enterprise, initially entering the domestic market as a private firm on May 5, 2011, before converting into a public corporation on June 24, 2024.
The company runs an advanced chemical blending and packaging industrial plant located at Tungara-03, Chitwan, where it has manufactured commercial coatings for over a decade. Its diverse consumer catalog includes interior and exterior emulsion paints, protective primers, enamel coatings, wood primers, acrylic distempers, and specialized floor and industrial coatings. For this public offering, CARE Ratings Nepal evaluated the financial position of the company, giving it a CARE-NP BB Issuer Rating to show it has a moderate ability to manage its debt obligations safely.
The Broader Impact of Retail Oversubscription on the Nepalese Stock Market
The heavy demand for the Everest Colour Limited float highlights the growing pool of retail investors using digital banking networks across Nepal. Having over 2.6 million citizens apply for a single public issue proves that online banking apps have made it easy for people in remote areas to invest in corporate stocks.
As more manufacturing and industrial firms move from private ownership to public listings, this steady inflow of retail savings helps reduce market dependence on volatile hydropower stocks, creating a more balanced and resilient national stock market that supports steady economic growth.
For More: Everest Colour IPO Allotment
