Himalaya Urja Bikas Company’s IPO for locals gets allotted; See the allotment module

Nabil Investment Banking Limited has completed the allotment of IPO of Himalaya Urja Bikas Company Limited issued for the locals of Ramechhap district.

The company had floated 9.90 lakh unit shares to the locals of Ramechhap district. For the floated shares 7,040 applications were received for 11,98,970 units. All the valid applicants have been allotted with the shares.

As per the issue manager, for the most affected area i.e. Gokulganga village municipality ward no 1 and Jiri Municipality ward no 1 and 2, the applicants applying for 50 to 450 units have been allotted fully. Similarly, the applicants applying for 500 to 4,900 units have been allotted with 450 units each. Remaining 230 units have been allotted to the 23 applicants applying for 500 to 4,900 units via lottery system.

From the most affected area, 2,131 applicants had applied for 5,76,630 units.

Similarly, for the locals of affected area, applicants applying for 50 to 2,020 units have been fully allotted. Likewise, applicants applying for 2,500 units to 4,900 units have received 2,080 units each. Remaining 30 units have been allotted to 3 applicants applying for 2,500 to 4,900 units via lottery system.

4,909 applicants from the affected area had applied for 6,22,340 units of the issuance.

After the issuance to locals, remaining IPO of worth Rs 14.85 Crore (14.85 Lakhs unit IPO shares) will be issued to the general public.