The Initial Public Offering (IPO) allotment for Everest Colour Limited has wrapped up today, June 18, 2026. Conducted at the premises of its issue manager, Muktinath Capital Limited in Naxal, Kathmandu, the lottery brought good news to a select group of investors, while highlighting just how massive the demand for public shares remains in Nepal.
Here is a plain-English breakdown of how the allotment went down, the numbers behind the massive oversubscription, and exactly how you can check if you are one of the lucky investors.
The Big Numbers: A Massive Wave of Applicants
Everest Colour Limited brought a total issued capital of Rs. 30 Crores to the table, planning to transition 26.33% of that capital (7,90,000 unit shares) over to public hands.
However, the general public segment was squeezed down to 6,55,700 units after setting aside mandatory portions for migrant workers, employees, and mutual funds.
To say the issue was oversubscribed would be an understatement. A staggering 26,41,959 valid applications poured in, looking to buy up over 2.82 Crore (28,295,690) units. Because demand exceeded the available shares by over 43 times, a lottery was inevitable.
Ultimately, only 65,570 lucky applicants walked away with the standard package of 10 units each.
How the Shares Were Split Up
To give you an idea of how the entire 7,90,000 public pool was distributed, here is a quick look at the allocation structure:
| Allocation Category | Percentage / Units Set Aside | Actual Shares Distributed |
| Nepalese Workers Abroad | 10% of public issue | 79,000 units |
| Company Employees | 2% of public issue | 15,800 units |
| Mutual Funds | 5% of total offered shares | 39,500 units |
| General Public | Remaining Pool | 6,55,700 units (Allotted via Lottery) |
Note: A total of 27,729 applications (accounting for 5,38,030 units) were completely disqualified due to errors or duplicate filings.
A Quick Peek at Everest Colour Limited
If you are new to the company, Everest Colour Limited is a well-established name in Nepal’s manufacturing landscape. Originally incorporated as a private company back in May 2011, it officially made the leap to a public limited company in June 2024.
Operating a decade-old production plant in Tungara-03, Chitwan, the company manufactures a wide array of products including interior and exterior emulsions, primers, enamel paints, acrylic distempers, and industrial coatings.
Ahead of the IPO, CARE Ratings Nepal Limited (CRNL) gave the company a welcome boost by upgrading its issuer rating to ‘CARE-NP BB (Is)’ from its previous ‘CARE-NP BB- (Is)’. This status points to a “moderate risk” level when it comes to meeting financial obligations—a solid indicator for an expanding manufacturing firm.
Step-by-Step: How to Check Your IPO Allotment Status
Since the allotment is completely finalized, you do not have to wait to see if you won the lottery. You can safely check your status online through three official platforms.
The Official CDSC IPO Portal: Head over to
iporesult.cdsc.com.np. Select Everest Colour Limited from the drop-down menu, type in your 16-digit BOID (Beneficial Owner Identifier), and click check.MeroShare app/website: Log into your personal MeroShare dashboard, navigate to the ‘My ASBA’ section, and open the ‘Application Report’ tab to view your status.
Muktinath Capital Website: You can visit the official website of the issue manager to look up your results directly.
