Himalayan Bank FPO Allotment Date Announced! When Will You Get Your Himalayan Bank Share?
Get ready, Nepali Stock Market enthusiasts! The highly anticipated Himalayan Bank Limited FPO allotment date has been officially announced. Mark your calendars, because the Himalayan Bank FPO will be distributed next Tuesday, July 29th (Saun 13th).
According to Citizens Capital Limited, the FPO issue manager, the necessary pre-allotment process has already been completed. This means the FPO allotment is right around the corner! The current regulations stipulate a minimum two-day gap between the pre-allotment and the FPO distribution, which is why the official date has been set.
This Himalayan Bank FPO offered a staggering 9,250,469 units of shares, and the response was overwhelming. Over 1.7 million applicants applied for the Himalayan Bank FPO. This represents almost four times the number of shares available! As a result, the share distribution will be conducted through a lottery system.
Unfortunately, not everyone will receive the coveted Himalayan Bank shares. Only 925,046 lucky applicants will be successful in the FPO lottery. Of those successful applicants, nine will receive 11 shares, and the remaining individuals will be allotted 10 shares each.
This is a great opportunity for stock market investors and anyone looking to invest in Nepal. Keep an eye on the Nepse (Nepal Stock Exchange) and the Himalayan Bank share price after the FPO allotment. This FPO has generated significant excitement and is a major event for Nepal’s capital market. Good luck to all applicants! This share distribution is expected to have a positive impact on the stock market. Don’t miss out on this significant event in the Nepali stock market! Stay informed about the stock market news related to the Himalayan Bank FPO.
