KATHMANDU: Himalayan Hydropower has allotted the recently issued initial public offering (IPO) on Tuesday.
As per the company, a total of 1,595,554 applicants had applied for 17,754,300 units of shares. Out of them, 1,611 applications were canceled.
The IPO distribution took place on the premises of Global IME Capital, issue manager of the hydropower company.
Out of the approved 1,593,796 applications,183,047 applicants have been provided 10 units of shares. Out of them too, two lucky applicants were provided additional one unit.
Himalayan Hydropower issued IPO to the general public from June 29-July 3.
The company issued 1,968,250 units of ordinary shares, including 618,250 units unsubscribed units from the issue to the locals of affected area. Out of total offered units, two percent i.e. 39,365 units were set aside for employees and five percent i.e. 98,413 units for mutual funds.
As the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines.
Comment