. The IPO of Everest Colours Limited has been allotted on June 4. Muktinath Capital, the issue manager of the company, has issued an IPO today.
The company had issued 6,TAG_OPEN_p_10 55,700 units of shares worth Rs 6.55 crore at a face value of Rs 100 per share to the general public from June 5 to June 7.
A total of 2,687,421 applicants had applied for 2,88,33,720 units of shares in the IPO.TAG_OPEN_p_9 Out of them, 26,41,959 applications have been approved while the remaining applications have been rejected.
The IPO of the company was allotted through a lottery process due to more applications than the demand.TAG_OPEN_p_8
