The allotment of Himalayan Bank Limited’s Further Public Offering (FPO) is scheduled for tomorrow, Shrawan 13, as confirmed by the issue manager, Citizens Capital Limited. The allotment process will commence at 9:00 AM.
The FPO received overwhelming interest from the public, with a total of 17,88,965 applicants submitting bids for approximately 4,09,98,640 units of shares. However, the company had issued only 92,50,469 units, resulting in an oversubscription of around 4.43 times.
Due to the oversubscription, it is estimated that about 8,63,919 applicants will not receive any shares. In accordance with the Securities Allotment Directive, the available shares will be distributed at a minimum of 10 units per applicant. A total of 9,25,046 applicants will be allotted shares—among them, 9 individuals will receive 11 units, while the remaining will get 10 units each.
Applicants can check the FPO result through the following official platforms:
Citizens Capital Limited: www.citizenscapital.com.np
CDSC IPO Result Portal: iporesult.cdsc.com.np
Mero Share Portal: meroshare.cdsc.com.np
To view their result, applicants must enter their BOID (Beneficiary Owner Identification Number) and other relevant details on the respective portal.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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