Last day to apply for the IPO of Himal Dolakha Hydropower; Unsubscribed units to be purchased by underwriter

Tue, Aug 13, 2019 12:59 PM on IPO/FPO News, Latest, Stock Market,
Last day t...

The initial public offerig (IPO) of Himal Dolkha Hydropower Limited had been opened for the Promoters, Directors, their family members, CEO, Auditors and Company secretary since the issue remained heavily undersubscribed by the general public till the last day.

Similarly, the issue for the Promoters, Directors, their family members, CEO, Auditors and Company secretary will also close today.

Himal Dolkha Hydropower Company Limited has issued 76,72,210 units IPO shares to the general public from Ashadh 25 to Shrawan 24, 2076. Out of the offered 76,72,210 units; 1,53,444 units have been reserved for the employees of the company and 25,000 units have been allotted to mutual funds. The remaining 74,93,766 units are for the general public.

The applications can be placed through any of the financial institutions providing C-ASBA facility. Global IME Capital has been appointed as the issue manager for the FPO issuance.