Himalayan Hydropower IPO Allotment to be Concluded on Tuesday at 8:30 AM; 1,83,047 Lucky Applicants will Get 10 units Each

Mon, Jul 11, 2022 12:26 PM on Latest, Share Allotment, IPO/FPO News,

The IPO allotment of Himalayan Hydropower Limited (HMHL) will take place this Tuesday, i.e. Ashad 28, 2079. The allotment program will be held on the premises of the issue manager Global IME Capital, starting at 8:30 am that day.

The company issued its IPO issue of 18,30,472 units ordinary shares worth Rs 13.65 crore to the general public from 15th Ashad to 19th Ashad. Out of the offered 19,68,250 units; 2% of the issued capital i.e. 39,365 units were for the employees of the company and 5% of the total offered shares to the general public i.e. 98,413 units had been set aside for the mutual funds. The remaining 18,30,472 units were for the general public.

According to data presented by CDSC, the issue has received approx 16,32,802 applications applying for a total of 1,84,88,450 units of shares till last day. The issue has been oversubscribed by almost 10.10 times.

Looking at the data, it is apparent that only 1,83,047 lucky applicants will get ownership of the company.