201 bidders allotted 71,530 units auctioned ordinary shares of Himalayan General Insurance; Cut-off price stood Rs 634

Himalayan General Insurance Company Limited (HGI) had auctioned 71,530 units ordinary shares to the general public from Kartik 27, 2073 to Mangsir 4, 2073. The bid was opened on Mangsir 8, 2073. An official of NMB Capital Limited managing the auction for Himalayan General Insurance informed that, the cut off price for 71,530 unit ordinary shares stood at Rs 634. The highest bid amount for the auction shares received was Rs 725. Total 851 applicants had submitted their bids for ordinary shares and 201 of them allotted shares. Recently, Himalayan General Insurance has proposed 15% cash dividend to its shareholders from the profit it made in the fiscal year 2073/74. Earlier it had issued 166.67% right share and after issuance of 166.67% right share, its paid up capital reached Rs 1.02 arba. HGI has already met the capital requirement of Rs 1 arba as directed by the Insurance Board, HGI has earned net profit of Rs 2.23 crore in the first quarter of current FY 2074/75. Its last traded price (LTP) stood at Rs 662 as of yesterday (November 27, 2017).