Sarvottam Paints Industries Limited has officially opened its Initial Public Offering (IPO) for the general public from today, Jestha 28, 2083.
The company is issuing 7,05,500 ordinary shares at a face value of Rs. 100 per share. The IPO is scheduled to close on Ashadh 2, 2083, although the issue may be extended until Ashadh 11, 2083 if it is not fully subscribed within the initial period.
IPO Structure
Sarvottam Paints has an issued capital of Rs. 34 crore, of which 25 percent, equivalent to 8,50,000 shares, has been allocated to the public.
The public issue has been divided as follows:
- 85,000 shares (10%) allotted to Nepali citizens working abroad
- 17,000 shares (2%) reserved for company employees
- 42,500 shares (5%) reserved for mutual funds
- 7,05,500 shares offered to the general public
Application Details
Global IME Capital Limited has been appointed as the issue and sales manager for the IPO.
Investors can apply for:
- Minimum: 10 shares
- Maximum: 5,000 shares
Applications can be submitted through the C-ASBA system via authorized banks and financial institutions or through the Mero Share platform.
Credit Rating Upgraded
In a positive development ahead of the IPO, CARE Ratings Nepal Limited upgraded the issuer rating of Sarvottam Paints Industries Limited from CARE-NP BB- (Is) to CARE-NP BB (Is).
The rating indicates a moderate risk regarding the company's ability to meet its financial obligations on time and reflects an improvement in its credit profile compared to the previous assessment.
About the Company
Established in January 2015 as a private company and converted into a public limited company in July 2022, Sarvottam Paints is engaged in the manufacturing and sale of a diverse range of paint and coating products.
Its product portfolio includes:
- Interior and exterior emulsion paints
- Enamel paints
- Water-based and oil-based primers
- Distemper paints
- Waterproofing liquids
- Cement paints
- Gold paints
- Thermoplastic road-marking paints
- Wall putty and related coating products
The company's manufacturing facility is located in Godawari-2, Attariya, Kailali, while its sales depot operates from Madhyapur Thimi-2, Bhaktapur.
Growing Presence in Nepal's Paint Industry
With increasing infrastructure development, housing construction, and demand for decorative coatings across Nepal, Sarvottam Paints aims to strengthen its market presence through expanded production capacity, distribution networks, and product diversification. The IPO is expected to support the company's future growth plans while providing investors an opportunity to participate in Nepal's manufacturing sector.
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