Kathmandu. The Securities Board of Nepal (SEBON) has granted permission to three companies to issue 09 Initial Public Offering (IPO).

Everest Color Limited, Mount Everest Power Development Limited and Sarbottam Paints Industries Limited have been granted permission to issue IPOs.

Everest Color has been granted permission to issue 7,90,000 units of shares at the rate of Rs 100 per share. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.

Mount Everest Power Development Limited has been granted permission to issue 25,80,000 units of shares at the rate of Rs 100 per share. NIBL Ace Capital Limited has been appointed as the issue manager.

Sarbottam Paints Industries Limited has been granted permission to issue 8,50,000 units of shares at the rate of Rs 100 per share. Global IME Capital Limited has been appointed as the issue manager for the IPO issuance.