Himalayan Bank’s FPO Share Allotment Tomorrow: Find Out If You’re a Winner!
Are you one of the many eager investors who applied for the Himalayan Bank FPO (Follow-on Public Offering)? Well, mark your calendars! The FPO share allotment is happening tomorrow, [insert date, i.e., August 1, 2024]!
According to Citizens Capital, the issue manager, the share allotment process begins at 9 AM. This highly anticipated event will determine who gets to add Himalayan Bank shares to their investment portfolio.
A staggering 1,788,965 individuals submitted applications for the Himalayan Bank FPO. This represents an overwhelming demand for the available shares. Investors sought a total of 40,998,640 shares, far exceeding the 9,250,469 shares actually offered.
The sheer volume of applications means that not everyone will be lucky enough to receive shares. Given the high demand, approximately 863,919 applicants are expected to unfortunately miss out on this opportunity.
As per the securities allotment guidelines, shares will be distributed in lots of 10 shares each. This means a significant number of applicants, 925,046 to be exact, will be successful in securing the Himalayan Bank FPO shares. However, a small group of 9 individuals will be lucky enough to receive 11 shares each. The rest will receive the standard 10 shares per applicant.
Investing in Nepal’s Stock Market can be exciting. Understanding the FPO process, share allotment procedures, and keeping up-to-date with stock market news is crucial for any stock market investor. Keep a close eye on the official announcements tomorrow to see if you’re one of the lucky shareholders of Himalayan Bank. Stay informed about IPO (Initial Public Offering) and FPO offerings for future investment opportunities. Don’t forget to follow for more stock market analysis and insights!
