Himalayan Bank Limited FPO Allotment Concludes: Lucky 9,25,046 Applicants Allotted 10 Units Each via Lottery System

On Shrawan 13, Himalayan Bank Limited (HBL) completed the allocation process for its Further Public Offering (FPO). The distribution took place at the premises of Himalayan Bank Limited, Kamaladi, Kathmandu.

The company issued 92,50,469 unit shares at Rs 157 per share (Rs 57 premium) from 32nd Ashadh, 2082, and collected Rs 1.45 Arba from this FPO. The offering was open from 32nd Ashadh to 4th Shrawan, 2082.

The FPO witnessed an overwhelming response, with 18,25,922 applicants submitting applications for a total of 3,85,91,160 shares, far exceeding the number of shares available. As a result, 17,06,311 applications were approved, while 2,038 applications were canceled due to discrepancies or other issues.

According to the allotment module, 9,25,046 applicants received 10 units each through a lottery, and 9 applicants received 1 unit each.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Citizens Capital Limited.

CARE Ratings Nepal Limited (CRNL) has downgraded Himalayan Bank Limited’s (HBL) issuer rating from ‘CARE-NP BBB+ (Is)’ to ‘CARE-NP BBB (Is)’, while keeping it under credit watch with negative implications. The same downgrade applies to HBL’s Subordinated Bond rating. These ratings indicate a moderate safety and credit risk for timely financial obligations in Nepal.