Kathmandu. Everest Colours Limited IPO has been allotted. Muktinath Capital, the issue manager of the company, has issued an IPO to the company.

The company had issued 6,55,700 units ofshares at a face value of Rs 6,55,70,000 at a face value of Rs 100 per for the general public {{ from June 5 to 27, 2018. 

A total of 26,87,421 applicants had applied for 2,88,33,720 units of shares in the IPO. Out of them, 26,41,959 applications have been approved while the remaining applications have been rejected.

The IPO of the company has been allotted through a lottery process due to more applications than the demand.Accordingly, 65,570 people have been allotted 10 units of shares of the company.