Everest Colour IPO Allotment Completed: 7,900 Applicants Secure Shares

12th May 2026, Kathmandu

Today, the Everest Colour IPO Allotment process reached its conclusion, marking a successful phase for the paint manufacturing company.

Everest Colour IPO Allotment

Managed by Muktinath Capital Limited, the allotment has officially distributed shares to a select group of Nepali migrant workers who applied during the specific issuance window.

High Demand for Everest Colour IPO Among Migrant Workers

Everest Colour Limited opened its Initial Public Offering exclusively for Nepali citizens working abroad under labor permits from Baisakh 16 to Baisakh 22. This reservation is part of a regulatory mandate in Nepal designed to ensure that the diaspora can participate in the industrial growth of their homeland.

The response to the issuance was massive. While the company offered 79,000 ordinary shares, the number of interested investors far exceeded the supply. According to the data released by the issue manager, a total of 90,855 individuals submitted applications to own a piece of the company. After a thorough verification process, 90,820 applications were deemed valid and approved for the final lottery.

The Allotment Results: A Competitive Lottery

Because the IPO was oversubscribed by more than eleven times the available shares, Muktinath Capital had to rely on a transparent lottery system to determine the winners. This is a standard procedure in the Nepalese capital market when demand outstrips supply, ensuring that every valid applicant has a fair chance.

The results of the Everest Colour IPO Allotment are as follows:

• Total Shares Issued: 79,000 units
• Successful Applicants: 7,900 individuals
• Shares per Person: 10 units
• Unsuccessful Applicants: 82,920 individuals

According to the final tally, only 7,900 lucky applicants were allocated the minimum lot of 10 shares each. The remaining applicants will have their blocked funds released back into their respective bank accounts through the C-ASBA system.

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Growing Participation from the Diaspora

The sheer volume of applications from Nepalis working abroad highlights a significant shift in investment behavior. Migrant workers are increasingly looking beyond traditional savings and real estate, turning toward the Nepal Stock Exchange for long term wealth creation. This trend is a positive sign for the liquidity of the market and provides companies like Everest Colour Limited with a diverse and stable base of shareholders.

Everest Colour, a rising name in the domestic paint and chemical industry, intends to use the capital raised through this IPO to expand its production capacity and strengthen its distribution network across the country. The successful allotment to the migrant worker segment is just the first step, as the company prepares for its upcoming public offering for the general residents of Nepal.

How to Check Your Allotment Status

Applicants who participated in the Everest Colour IPO can check their individual results through several official channels. It is recommended to have your 16 digit BOID (Beneficial Owner Identification Number) ready. You can verify your status via:

• The official Mero Share website or mobile application under the “Check IPO Result” section.
• The website of the issue manager, Muktinath Capital Limited.
• The dedicated IPO result portal provided by CDSC.

If you are among the 7,900 successful investors, the 10 shares will be credited to your Demat account within a few business days. These shares will remain locked until the company completes its listing process on the Nepal Stock Exchange (NEPSE).

Conclusion

The completion of the Everest Colour IPO Allotment signifies another milestone in Nepal’s vibrant capital market. Although many applicants did not receive shares this time due to the high level of competition, the sheer participation numbers prove that the investment culture is thriving.

For those who were unsuccessful, several other IPOs are currently in the pipeline across the hydropower, manufacturing, and service sectors. Staying informed about opening dates and ensuring your KYC is updated will be key to participating in future opportunities. As Everest Colour Limited moves toward its full public listing, its new shareholders can look forward to being part of a growing industrial player in Nepal’s economy.

For More: Everest Colour IPO Allotment