Kathmandu. Everest Colour Company is going to issue initial public offering (IPO) to the general public.

The company is going to issue IPO to the general public from June 22. The company is issuing 7,90,000 units of shares worth Rs 7,90,000 which is 26.33% of the issued capital of Rs 30 crore.

Out of the total offered shares, 79,000 units have been set aside for foreign employment companies, 39,500 units have been set aside for mutual funds and 15,800 units have been set aside for employees.

The company is issuing 6,55,700 units of shares at a price of Rs 100 each to the general public.

Applications can be place for minimum 10 units and maximum 10,000 units. The interested bidders can apply for the IPO till June 10. If the application is not received as per the demand within the stipulated period, the application can be submitted till June 5.

Muktinath Capital has been appointed as the issue manager for the IPO issuance.

The interested investors can apply for the shares from the Securities Board of Nepal (SEBON) and Bank of India (SEBON) and Mero Shares.