Kathmandu. Everest Colours Limited (CLCL) has opened the offer for sale (IPO)(IPO) from today. In the first phase, the company has issued an IPO for the Nepalese who are working abroad after taking work permit.

The company has issued 79,000 units of shares to the Nepalese working abroad. Applications can be place for minimum 10 units and maximum 1000 units.

Nepalese working abroad can apply for the ASBA ASBA service approved by the Securities Board of Nepal (SEBON) using the C-ASBA system banks and financial institutions and their designated branches.

Similarly, applications can be made through the online system of CDS and Clearing Limited. According to the company, the IPO will close on May 22 at the earliest and will remain open till May 13 if the applications are not received as per the demand. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.