The initial public offering (IPO) subscription period for Him Star Energy Company Limited ends today, Asar 27. The company has issued a total of 11,19,000 shares at NPR 100 each, with strong investor interest exceeding the total shares by over 19 times.
Today, Asar 27, marks the final day for subscribing to the IPO of Him Star Energy Company Limited. The company opened the IPO for the general public starting from Asar 24.
Approved by the Nepal Securities Board, the company has issued a total of 11,19,000 shares at a price of NPR 100 per share under this offering.
Of these shares, 186,500 were allocated in the first phase to residents of the project-affected area, and 93,250 shares were issued to Nepalese working abroad.
Now, the company has reserved 18,650 shares for employees and 46,625 shares for collective investment funds, leaving 773,975 shares open for the general public.
Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. NIC Asia Capital Limited is the issue and sales manager of this IPO.
According to CDSC data, by Thursday, a total of 1,129,756 applicants had applied for the Him Star Energy Company IPO. These applicants have applied for a total of 13,439,000 shares worth NPR 134 crore.
This number is 19.02 times higher than the total number of shares issued.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
