Himalayan Bank Limited has completed the allotment process for its Further Public Offering (FPO). The allocation was done at the bank’s head office in Kamaladi, Kathmandu on Shrawan 13.
How many shares were issued
- The bank issued 92,50,469 shares at a price of Rs 157 per share (including Rs 57 premium).
- The issue opened on 32nd Ashadh 2082 and closed on 4th Shrawan 2082.
- The total amount raised from this FPO was Rs 1.45 Arba.
Strong response from investors
- The FPO received applications from 18,25,922 investors for a total of 3,85,91,160 shares.
- Due to oversubscription, only a limited number of applicants were selected through a lottery.
- 17,06,311 applications were approved, while 2,038 applications were rejected due to errors or discrepancies.
Lottery allotment details
- 9,25,046 applicants received 10 units each.
- 9 applicants received 1 unit each.
This means the FPO result of Himalayan Bank was mostly based on luck through the lottery system.
How to check the FPO result
Applicants can check their allotment status through:
- CDSC IPO Result website
- MeroShare
- Citizens Capital Limited
Rating update
CARE Ratings Nepal downgraded the bank’s issuer rating from CARE-NP BBB+ (Is) to CARE-NP BBB (Is) and kept it under credit watch with negative implications. The same downgrade applies to its Subordinated Bond rating. This indicates moderate safety with some credit risk in meeting financial obligations.
