Kathmandu. The primary shares of Sarbottam Paints Industries have been allotted for (IPO). Global IME Capital, the issue manager of the company, has issued the IPO on Thursday.

The company had issued a total of 7,05,500 units of shares to the general public on June 12 at a face value of Rs 100 per. 

A total of 28,94,232 applicants had applied for 3,10, 33,180 units of shares in the IPO.Out of them, 2,850,025 applications have been approved and 44,207 applications have been rejected.

The IPO of the company has been allotted through a lottery process due to more applications than the demand for . Accordingly, 70,550 people have been allotted 10 units of shares of the company.

The investors who have applied for the IPO can check the result of the IPO from the website of Global IME Capital and also from the website of Global IME Capital and of CDSC.