Everest Colour IPO Nepal is now open for foreign employed Nepalis with 79,000 units available
29th April 2026, Kathmandu
In a significant move for the manufacturing sector, Everest Colour Limited has officially launched its Initial Public Offering (IPO) starting from Baisakh 16, 2083.
Everest Colour IPO Nepal
This first phase of the issuance is dedicated exclusively to Nepali citizens working abroad who have obtained valid labor approval from the Government of Nepal. By reserving a portion of its shares for the diaspora community, Everest Colour is not only raising capital but also fostering a sense of ownership among Nepalis contributing to the economy from overseas.
Understanding the IPO Approval and Issue Size
Everest Colour Limited received formal approval from the Securities Board of Nepal (SEBON) to bring its shares to the public. The total value of the IPO is set at Rs. 7.90 crore, representing approximately 26.33% of the company’s total issued capital of Rs. 30 crore. This strategic move aims to fund the company’s expansion and solidify its position as a leading paint manufacturer in Nepal. The IPO consists of 790,000 units of ordinary shares, each carrying a face value of Rs. 100. For investors, this par value provides a standard entry point into a company that has been operating in the industrial paint and coating sector for over a decade.
Special Allocation for the Diaspora Community
Under the current guidelines of SEBON, public companies are required to reserve 10% of their total IPO shares for Nepali citizens working abroad. For Everest Colour, this translates to 79,000 units of shares specifically set aside for the foreign employment quota. This targeted allocation ensures that the migrant workforce has a fair chance to participate in the primary market without competing directly with the massive volume of applications usually seen in the general public phase. This initiative is part of a broader government effort to encourage the use of formal banking channels for remittances while offering migrant workers a way to invest in their homeland’s industrial growth.
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Key Application Details and Deadlines
Eligible applicants must act within the specified timeframe to secure their chance at allotment. The application window for foreign-employed Nepalis opened on Baisakh 16, 2083, and is scheduled to close on Baisakh 22, 2083. While there is a provision to extend the deadline until Baisakh 30 if the issue is undersubscribed, given the high interest in manufacturing sector IPOs, early application is highly recommended.
Investors can apply for a minimum of 10 shares, which requires an investment of Rs. 1,000. The maximum application limit for this category is set at 7,000 shares. To be eligible, applicants must have a valid labor permit, a DEMAT account, and a CRN number linked to a remittance savings account. The entire process can be managed digitally through the Mero Share platform, with Muktinath Capital Limited serving as the official issue manager.
Why Everest Colour Limited is a Strategic Choice
Everest Colour Limited is not a newcomer to the market; it has been a public limited entity since its conversion in 2024 and boasts a manufacturing plant in Chitwan. The company produces a wide range of products, including exterior and interior emulsions, enamel paints, and industrial coatings. CARE Ratings Nepal has assigned an issuer rating of “CARE-NP BB (Is)” to the company, indicating a moderate risk in meeting financial obligations. This stable rating, combined with a decade of operational history, makes it an interesting prospect for those looking to diversify their portfolio beyond the dominant hydropower and banking sectors.
Conclusion and Final Steps for Applicants
The first phase of the Everest Colour IPO offers a unique chance for the diaspora to invest in Nepal’s manufacturing future at a fixed price of Rs. 100 per share. With 79,000 units available under the reserved quota, the probability of allotment is significantly improved for eligible workers. If you are currently working abroad with a valid permit, ensure your remittance account is active and submit your application via Mero Share before the Baisakh 22 deadline. This is more than just a stock purchase; it is a way to stay connected to and profit from the industrial development of your home country.
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