Himalayan Bank Limited’s Further Public Offering (FPO) will be allotted on Tuesday, Shrawan 13. According to the issue manager, Citizens Capital Limited, the pre-allotment process has been completed, paving the way for the allotment.
As per the rules, there must be at least a two-day gap between the pre-allotment and final allotment. Hence, the FPO allotment is scheduled for Shrawan 13.
The bank had issued 92,50,469 units of FPO shares. Over 17 lakh applicants had applied, nearly four times more than the available shares. Due to the oversubscription, the shares will be allotted through a lottery.
Out of all applicants, only 9,25,046 will receive shares. Among them, 9 individuals will get 11 units each, while the remaining will get 10 units each.
