Himalayan Hydropower IPO Collects Rs. 1.84 Arba From 16.32 Lakhs Applicants Till Last Day; IPO Oversubscribed by More Than 10.10 Times

Himalayan Hydropower Limited (HMHL) had issued 18,30,472 units shares worth Rs. 18.30 crores to the general public as a part of their Initial Public Offering (IPO) from 15th Ashad till 19th Ashad, 2079.

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.

Global IME Capital Limited was appointed as the issue manager for the IPO issuance. Interested people were required to apply for a minimum of 10 units and they can apply for a maximum of 1000 shares.

According data presented by CDSC, 16,32,802 applicants have applied for a total of 1,84,88,450 units worth Rs. 1.84 Arba. Thus, the IPO was oversubscribed by more than 10.10 times in terms of number of units through ordinary applicants as of the closing day.