Himalayan Power Partner to be allotted in Shrawan; allotment as per new guidelines

Himalayan Power Partner Limited had issued 21,30,834 unit shares worth Rs 21.30 crore as part of its Initial Public Offering (IPO) for the general public from Ashad 1, 2074 to Ashad 5, 2074 at face value of Rs 100 per share. The allotment is going to be conclude in Shrawan. Paras Mani Dhakal, CEO of Global IME Capital said, “The allotment will most probably conclude on Shrawan.” With the introduction of Securities Issue and Allotment Guidelines, 2074, a minimum of 10 units is reserved for each applicant. The IPO had collected more than Rs 8 arba from around 1 lakh 60 thousand applications so far till last day. The authorized capital of company is Rs 2.70 arba.  The paid up capital of the company remains at Rs 85.23 crore. After the IPO for the general public, the paid up will reach Rs 1.06 arba.

New IPO allotment guideline applicable on Himalayan Power Partner IPO only if allotment takes place after Asadh – SEBON