Have you applied for the IPO of Himalayan Hydropower Limited? This company has confirmed the IPO allotment date. Himalayan Hydropower, which issued an IPO a few days ago, will have an IPO allotment tomorrow and the IPO result will be published immediately after it.
Himalayan Hydropower IPO result date
The IPO allotment of Himalayan Hydropower will be held at 8:30 am on Tuesday at the office of the Global IME Capital. Global IME Capital is the official sales manager of Himalayan Hydro.
Global IME Capital completed the pre-allotment last Friday. There is a rule that IPO should be allotted within 3 days of pre-allotment. That is why the IPO allotment is going to be done on Tuesday.
How many Investors get IPO?
As there were more applications than demanded in the IPO. According to the SEBON directive, allotment will be done with a lucky draw system, where investors will get IPO at the rate of minimum 10 lots. In this IPO only 1,83,047 lucky investors will get shares. The remaining 1.44 million applicants will be left empty-handed.
How to check the IPO result?
As always IPO result checking is very simple. Just go to https://iporesult.cdsc.com.np/ , select the company you want to see the result of, enter the BOid number, solve the captcha and click on the view result button.
Now you can see the IPO result, whether allotted or not.
Himalayan Hydro IPO
The company had issued 1.968 million 250 lots since July 30. There were 10 times more applications for IPO. 16 lakh 26 thousand 430 applicants had applied for the IPO of Himalayan Hydro. This IPO had 10.06 times more applications.
The company had issued a total of 1,968,250 ordinary shares at the face value of Rs 100 per share since July 30. Out of that, 2 percent or 39 thousand 365 shares have been reserved for the employees and 5 percent or 98 thousand 413 shares have been distributed in the collective investment fund. The remaining 18 lakh 30 thousand 472 shares were sold to the public
