Himalayan Bank FPO(Follow-on Public Offering) is closing today. The bank has issued a total of 9,250,469 shares at Rs. 157 per share.
As of the fourth day of the issue, more than 3,29,53,820 units shares have been applied for, which means the FPO is oversubscribed by 3.56 times. So far, around 14,13,949 units have been applied by investors.
The bank holds a credit rating of CARE-NP BBB, indicating a moderate level of financial risk. The latest trading price (LTP) of Himalayan Bank shares is Rs. 249, which is higher than the FPO price.
The FPO is managed by Citizens Capital Ltd, who is handling the issue and sales process.
Investors who want to participate must submit their applications by today through authorized bank branches or online via the “Mero Share” platform. After this FPO, Himalayan Bank’s paid-up capital will increase, strengthening its financial base further.
