Himalayan Bank FPO Allotment: What You Need to Know!
Get ready, investors! The eagerly awaited Himalayan Bank Limited’s Further Public Offering (FPO) allotment is happening tomorrow, Shrawan 13. The issue manager, Citizens Capital Limited, has confirmed that the allotment process will begin promptly at 9:00 AM.
If you participated in this highly anticipated FPO, here’s what you need to know. The Himalayan Bank FPO attracted significant interest from the public, with a staggering 17,88,965 applicants submitting bids. These applicants were vying for a slice of the pie, totaling approximately 4,09,98,640 units of shares. However, the bank had offered only 92,50,469 units of shares in the FPO. This resulted in an impressive oversubscription of around 4.43 times, showcasing the strong investor confidence in Himalayan Bank.
Due to the overwhelming demand, not every applicant will receive an allotment. It’s estimated that around 8,63,919 applicants will unfortunately not be allocated any shares. Following the Securities Allotment Directive, the available shares will be distributed with a minimum of 10 units per applicant. A total of 9,25,046 applicants will receive shares. Notably, 9 individuals will be allocated 11 units, while the remaining successful applicants will receive 10 units each.
Checking Your FPO Result
So, how do you find out if you’ve been allocated shares? Here’s how to check your FPO results. Applicants can check the FPO results through the official platforms.
To view your result, you’ll need to enter your BOID (Beneficiary Owner Identification Number) and other required details on the designated portal. Make sure to have your BOID handy for quick and easy access to your allotment status. Stay tuned for further updates on FPO results announcements. FPO investment is an important part of Nepal’s stock market and capital markets.
