Himalayan Bank’s Further Public Offering (FPO) allotment will take place on Tuesday, Sawan 13, with allotment conducted via lottery due to oversubscription.
The FPO allotment of Himalayan Bank Limited is set for Tuesday, Sawan 13, according to Citizens Capital, the issue manager. As per the updated pre-allotment guidelines, allotment must be completed within two working days after pre-allotment, leading to the decision for Tuesday’s allotment.
The bank had issued 92,50,469 FPO shares worth Rs. 1.45 arba from Ashar 32, with each share priced at Rs. 157 — comprising the face value of Rs. 100 and a premium of Rs. 57 per share.
The FPO received applications from over 17 lakh applicants, which is nearly four times the available shares. Due to this high demand, the allotment will be done through a lottery system. Only 9,25,046 applicants will receive shares, with 9 lucky individuals receiving 11 shares each, and the remaining allottees receiving 10 shares each.
The Securities Board of Nepal (SEBON) had approved the FPO on Ashar 22. Initially, Himalayan Bank had proposed to issue the FPO at Rs. 169 per share, but the board revised and approved it at Rs. 157 per share, reducing the premium by Rs. 12.
How to Check the FPO Result?
Applicants can view the Himalayan Bank FPO allotment result on the following platforms:
- Citizens Capital Limited – Citizens Capital
- CDSC IPO Result Portal – iporesult.cdsc.com.np
- Meroshare Account – meroshare.cdsc.com.np
Applicants will need to enter their DP ID and other required details to access the result.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
