Everest Color Limited is preparing to issue its first Initial Public Offering (IPO) of 780,000 ordinary shares at NPR 50 per share, aiming to raise NPR 3.90 crore. Everest Color Limited will be the first company to issue an IPO in Nepal’s paint industry. Muktinath Capital has been appointed as the IPO sales manager, for which an agreement was signed by Everest Color’s Managing Director, Mr. Saroj Luitel, and Muktinath Capital’s CEO, Mr. Kabindra Dhoj Joshi.
Company Overview:
- Established in 2068, Everest Color specializes in manufacturing paints designed for Nepal’s unique climate.
- The company is certified with ISO 9001:2015 and uses modern technology and high-quality raw materials to manufacture emulsion paints, primers, enamel paints, and industrial coatings.
- With a CARE-NP BB- rating, the company aims to reduce paint imports, create local jobs, and support Nepal’s economy.
Market Presence:
Everest Color distributes its products through over 200 business partnerships, covering areas from Fidim in the east to Dhangadhi in the west, solidifying its presence in Nepal’s paint market.
