Himalayan Bank FPO Allotment Date Announced: Your Guide to the FPO Investment!
Exciting news for stock market enthusiasts! The highly anticipated Himalayan Bank FPO allotment date is set for next Tuesday! This marks a significant event in the Nepali stock market, with investors eagerly awaiting the results of this new share offering.
Citizens Capital, the issue manager for this FPO (Follow-on Public Offering), has confirmed the allotment date following the recent pre-allotment process. This means the Himalayan Bank FPO will be distributed on Tuesday, as per the updated guidelines that require allotment to be finalized two days after the pre-allotment.
Himalayan Bank initially opened the FPO issuance on June 15th. The FPO offered a total of 9,250,469 units of shares, amounting to 1,452,323,633 Nepalese Rupees. The shares were offered at a price of 157 Rupees per share, which includes a premium of 57 Rupees on the face value of 100 Rupees.
Investing in the stock market is always a good idea, and the Himalayan Bank FPO saw incredible demand, with over 1.7 million applications! This is approximately four times the number of shares offered, demonstrating strong investor confidence in Himalayan Bank and the Nepali stock market. Due to the overwhelming response, the FPO allotment will be conducted through a lottery system. A total of 925,046 applicants will receive shares. Of these, nine lucky winners will receive 11 shares, while the remaining successful applicants will receive 10 shares each.
The Nepal Securities Board (Sebon) approved the Himalayan Bank FPO issuance on July 6th. Initially, the bank proposed an offering price of 169 Rupees per share. However, after review, the Sebon approved the FPO at the final price of 157 Rupees per share.
Stay tuned for further updates on the FPO results and all the latest happenings in the Nepali share market. This is a great opportunity for investors to potentially expand their investment portfolio! Remember to always conduct thorough investment research before making any investment decisions and consider consulting a financial advisor! Keep an eye on the Nepal Stock Exchange (NEPSE) for official updates on Himalayan Bank shares!
