The FPO allotment process begins today at 9 AM after oversubscription by 4.43 times.
The FPO (Further Public Offering) issued by Himalayan Bank is scheduled to be allotted today (Saun 13), according to the issue manager, Citizens Capital. The allotment process will begin at 9:00 AM.
A total of 17,88,965 applicants had applied for the FPO, placing bids for 4,09,98,640 units of shares. However, the bank had issued only 92,50,469 units, leading to an oversubscription by approximately 4.43 times.
Due to this oversubscription, around 8,63,919 applicants are expected to be left empty-handed. As per the securities allotment guidelines, the allotment will be conducted at a minimum rate of 10 units per eligible applicant.
Out of the total applicants, 9,25,046 individuals will receive shares:
9 applicants will be allotted 11 units each
The remaining 9,25,037 applicants will receive 10 units each
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
