Him Star Urja’s IPO allotment will be carried out today through a lottery system after the public issue received an oversubscription. Only 77,397 applicants will receive shares.
Him Star Urja Company Limited had opened its IPO to the general public from Asar 24 to Asar 27, offering a total of 7,73,975 shares. The issue was significantly oversubscribed, prompting the need for allotment through a lottery system (golapraatha).
According to the issue manager, NIC Asia Capital, the allotment process will take place today, Shrawan 32, at 3:00 PM. Based on the allotment results:
77,397 applicants will receive IPO shares
Among them, 5 individuals will be allotted 11 shares each
Prior to this general public offering, the company had already issued IPO shares to project-affected locals and Nepalis working abroad.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
