Everest Color IPO: Public Subscription to Open on June 4

Everest Color Limited has officially announced the launch date for the second phase of its Initial Public Offering (IPO) tailored for the general public. Subscription for the ordinary shares will commence on June 4, 2026 (Jestha 22), following the completion and allotment of the initial quota reserved for Nepali citizens employed abroad. Out of its total issued capital of Rs. 300 million, the company secured regulatory approval to issue 26.33% of its equity, translating to 790,000 units of shares valued at Rs. 79 million. Prior to this public rollout, the company successfully distributed 10% of the public issue (79,000 units) to migrant workers. Additionally, 39,500 units were allotted to mutual funds, and 15,800 units were distributed to company employees.