Kathmandu. The IPO of Sarbottam Paints Industries has been allotted on Thursday. Global IME Capital, the company’s IPO issuance, has set aside this morning.

Sarbottam Paints had issued a total of 705,500 units of shares at a face value of Rs 100 per share to the general public from June 12 to July 13. A total of 2,894,232 applicants had applied for 3,10,33,180 units of shares in the issue. 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. Accordingly, 70,550 people have been allotted 10 units of shares of the company. Investors can visit the website of Global IME Capital as well as my shares of CDSC.