Kathmandu, July 29: The Himalayan Bank Limited (HBL), a private sector commercial bank of Nepal, has completed the allocation process for its Further Public Offering (FPO).
The company issued 9,250,469 unit shares at Rs 157 per share (Rs 57 premium), and collected Rs 1.45 Arba from this FPO.
The FPO witnessed an overwhelming response, with 1,825,922 applicants submitting applications for a total of 38,591,160 shares, far exceeding the number of shares available. As a result, 1,706,311 applications were approved, while 2,038 applications were canceled due to discrepancies or other issues.
According to the allotment module, 925,046 applicants received 10 units each through a lottery, and 9 applicants received 1 unit each.
The distribution took place at the premises of Himalayan Bank Limited, Kamaladi, Kathmandu.
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Citizens Capital Limited. #nepal #bank #ipo #FPO
