Himalayan Bank FPO Allotment: How to Check Your Share Allotment Results!
Hey investors and stock market enthusiasts! We’ve got exciting news for those who participated in the recent Himalayan Bank Limited FPO (Further Public Offering). The Himalayan Bank FPO allotment results are officially out, and the shares have been distributed! Here’s everything you need to know about checking your IPO result and the stock market implications.
The Himalayan Bank FPO, which opened from July 15th to July 20th, 2024, saw a massive response, with a whopping 1,786,782 applicants vying for a piece of the pie. The FPO share allotment took place on July 27, 2024, at the bank’s central office in Kamaladi.
What Happened in the FPO?
The Himalayan Bank had offered a total of 92,504,690 shares at a price of NPR 157 per share. After the FPO allotment, 925,037 lucky applicants received 10 shares each, while 9 fortunate individuals were allocated 11 shares. This FPO issuance was conducted following the regulations set by the Nepal Securities Board and the Banking and Financial Institutions Act.
Why the FPO? Understanding Share Structure
The FPO was launched to adjust the bank’s share structure. According to regulatory requirements, at least 70% of a bank’s issued capital must be held by the promoter group, and the remaining 30% by the general public. This FPO aimed to balance this, ensuring the company‘s adherence to Nepal Stock Exchange regulations. After the FPO allotment, the share structure of Himalayan Bank is as follows: The promoter group holds 158,071,637.72 shares, while the general public holds 67,744,987.59 shares.
How to Check Your Himalayan Bank FPO Result
So, you’re eager to know if you’ve been allotted shares? Here’s how you can check your IPO and share allotment result:
- Citizens Capital Limited: Check the result on the Citizens Capital website.
- CDSC IPO Result Portal: Visit the CDSC IPO result portal at iporesult.cdsc.com.np.
- Mero Share Account: Log in to your Mero Share account to view your share allocation details.
To check the result, you’ll need to enter your DP ID and other relevant details.
Key Takeaways for Investors
This Himalayan Bank FPO allotment is significant for several reasons. Firstly, it reflects the strong investor confidence in Himalayan Bank and the Nepali stock market. Secondly, the successful FPO strengthens the bank’s capital base and facilitates future growth. This is an exciting development for investors looking to expand their investment portfolio. Stay tuned for more updates on the stock market and other investment opportunities! Keep up with the latest financial news and market analysis! This IPO is a good indicator of the market trend!
