Him Star Urja Company Limited is set to conduct the allotment of its Initial Public Offering (IPO) tomorrow, Asar 32, following a successful subscription period from Asar 24 to 27.
IPO Oversubscription and Application Details
According to NIC Asia Capital Limited, the issue manager, the IPO allotment will take place tomorrow afternoon. The IPO received an overwhelming response, with applications nearly 30 times the number of shares offered. CDS and Clearing Limited reported that by the deadline, 1,997,242 investors applied for a total of 23,347,330 shares.
Share Allocation Process
Out of the total 773,975 IPO shares issued, shares will be allotted to 77,397 applicants through a lottery system. In the first round, shares will be distributed at a rate of 10 shares per applicant. The remaining 5 shares will then be reallocated in subsequent rounds, one share at a time.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
