Good news for anyone who applied for the Sarvottam Paints Industries IPO. The share allotment is happening today, Thursday, Asar 11, and you can check your result within minutes using your phone or computer. Here’s exactly how to do it, followed by everything else you need to know about this IPO.
How To Check Your Sarvottam Paints IPO Result
You have three easy ways to check whether you got the shares. Pick whichever feels more convenient.
- CDSC IPO Result Website (fastest method)
Go to iporesult.cdsc.com.np on your browser. Select “Sarvottam Paints Industries Limited” from the company list. Enter your 16-digit BOID (Beneficial Owner Identification Number), which is linked to your demat account. Type the captcha code shown on screen, then click “View Result.” If you’re lucky, it will show “Congratulations, Allotted” along with the number of units. If not, it will say you weren’t allotted shares this time. - MeroShare App or Website
Log in at meroshare.cdsc.com.np using your username (usually the last 8 digits of your BOID) and password. Once inside, go to “My ASBA” and then “Application Report.” Your IPO application status will be listed there, showing whether it’s allotted or not. - Sales Manager’s Website
Since Global IME Capital Limited is handling this IPO, you can also check the result through their official website using the same BOID number.
If the result hasn’t appeared yet, don’t panic. Allotment data sometimes takes a little while to upload after the official process finishes, so try again after a short gap.
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What Happens If You Don’t Get Shares
If your name doesn’t come up in the allotment, the money your bank had blocked for the application will be released back to your account within a few days. There’s no need to call your bank repeatedly, since this happens automatically. Plenty of other IPOs are lined up in the coming months, so missing out this time doesn’t mean missing out forever.
Why So Few People Got Shares
The demand for this IPO turned out to be huge. Sarvottam Paints offered 705,500 units to the general public, but the company received applications from lakhs of investors wanting much more than that. Out of everyone who applied, only 68,850 applicants will receive shares, and each of them gets just 10 units. That means most people who applied will not get any shares this time, since demand was many times higher than supply.
This kind of result has become common with IPOs in Nepal lately. Whenever a company’s shares are expected to trade higher in the secondary market, investors rush to apply, and the allotment becomes a small lottery rather than a guarantee.
Quick Background: What Is Sarvottam Paints Industries?
Sarvottam Paints Industries is a paint manufacturing company based in Kailali district. It makes both interior and exterior wall paints, including emulsion and enamel varieties. The company says it spends a portion of its yearly revenue on research and development through its own paint lab, which it claims helps keep its product quality consistent.
The company was originally registered as a private firm in 2071 and converted into a public limited company in 2079. Sarvottam Paints Industries (the parent group) holds an investment of more than Rs 9.27 crore in this company.
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IPO Details At a Glance
The company received approval to issue 8,50,000 units of shares at Rs 100 per unit, which equals 25 percent of its total issued capital of Rs 34 crore. Out of this allotment:
- 85,000 units went to Nepalis working abroad
- 42,500 units were reserved for mutual funds
- 17,000 units were set aside for company employees
- The remaining 7,05,500 units were opened for general investors
Applications were accepted from Jestha 28 to Asar 2, and investors could apply for a minimum of 10 units and a maximum of 5,000 units.
How Strong Was the Demand?
By the final day of applications, the IPO had received bids worth nearly 37 times more shares than what was on offer. Around 24.6 lakh people applied, requesting more than 2.67 crore units in total, when only about 7 lakh units were available. This is one of the clearest signs that paint and manufacturing sector IPOs are currently in high demand among Nepali retail investors.
About the Company’s Finances
According to its latest financial report, Sarvottam Paints earned Rs 7.58 per share and had a net worth of Rs 110.17 per share. The company has been profitable for the last three fiscal years in a row, and it expects its retained earnings to grow further by the end of fiscal year 2084/85.
Care Ratings Nepal has given the company a “CARE-NP BB” issuer rating, which signals a medium level of risk in terms of the company’s ability to meet its financial obligations on time. This is a fairly common rating range for mid-sized manufacturing companies going public in Nepal.
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What’s Next for Shareholders
Once the allotment is finalized, Sarvottam Paints shares will be listed on the Nepal Stock Exchange (NEPSE) for secondary trading. Since the company’s net worth per share is above Rs 100, the first trading price is expected to be set somewhere between Rs 100 and Rs 300 per unit, based on NEPSE’s standard pricing rules. After the first trading day, the price will move based on regular demand and supply in the market.
If you applied for this IPO, the smartest move right now is to check your result as soon as possible using the CDSC portal or MeroShare, so you know where you stand and can plan your next steps accordingly.