Himalayan Bank FPO Allotment: What You Need to Know Today!
Himalayan Bank FPO (Follow-on Public Offering) is finally being allotted today! If you’re one of the many investors who applied, get ready to check your stock portfolio! According to Citizens Capital, the issue manager, the FPO allotment process begins at 9 AM today.
A staggering 1,788,965 individuals applied for the Himalayan Bank FPO, demonstrating the strong interest in Himalayan Bank shares. A total of 40,998,640 shares were applied for. However, the bank only offered 9,250,469 shares through the FPO.
Due to the high demand, with approximately 4.43 times more applications than shares available, a significant number of investors will unfortunately not receive any shares. It’s estimated that around 863,919 applicants will be left empty-handed.
As per the Securities Allotment Guidelines, the FPO allotment will be done in the manner of 10 shares per applicant. This means that a total of 925,046 investors will receive shares. Among them, 9 lucky investors will receive 11 shares, with the remaining receiving 10 shares each.
Stay tuned for further updates on the Himalayan Bank FPO and Nepalese stock market. This is a key event for Nepalese stock market investors, influencing market trends and indicating a financial investment opportunity for those allocated shares. This FPO allotment showcases the stock market investment potential.
