Himalayan Power Partner’s 10.65 lakh units IPO shares allotted to locals of Lamjung
Wed, Mar 22, 2017 12:57 PM on Latest, IPO/FPO News, IPO/FPO Result News, Featured, Stock Market,
Global IME Capital Limited, the issue manager for the IPO of Himalayan Power Partner Limited, has allotted 10,65,417 units IPO shares to the local people of the project affected region (Lamjung district) today.
The allotment concluded today on the premises of Global IME Capital Limited, Nachghar, Jamal, Kathmandu. The IPO was oversubscribed by 2.14 times.
Out of 3,658 applicants from the project-affected areas, 3,657 applicants were allotted a minimum of 34 units shares and a total of 5,32,708 units shares. Similarly, of the 5,816 applicants from Lamjung district, 5,811 applicants were allotted a minimum of 15 units and a total of 5,32,709 units shares.
There were 6 invalid applicants.
The non-allottee investors will have their money refunded from Chaitra 15, 2073 directly to their bank accounts.
Himalayan Power Partner Limited had issued 10,65,417 unit shares worth Rs 10.65 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Lamjung district (5,32,708 units to the most affected local people of Chiti VDC, Dhodani VDC, Bansar VDC, Nauthar VDC, Shimbhanjang VDC, Archalbot VDC and 5,32,709 units for all people residing in Lamjung District) from Magh 17 to Falgun 2, 2073.
After the IPO for the locals of project affected area, the paid up of the company has reached Rs 85.23 crore. The company will now be floating 21,30,834 units shares worth Rs 21.30 crore as a part of IPO for the general public. After this, its paid up capital will reach Rs 1.06 arba.
Allotment Module:
There were 6 invalid applicants.
The non-allottee investors will have their money refunded from Chaitra 15, 2073 directly to their bank accounts.
Himalayan Power Partner Limited had issued 10,65,417 unit shares worth Rs 10.65 crore as part of its Initial Public Offering (IPO) for the locals of project affected people of Lamjung district (5,32,708 units to the most affected local people of Chiti VDC, Dhodani VDC, Bansar VDC, Nauthar VDC, Shimbhanjang VDC, Archalbot VDC and 5,32,709 units for all people residing in Lamjung District) from Magh 17 to Falgun 2, 2073.
After the IPO for the locals of project affected area, the paid up of the company has reached Rs 85.23 crore. The company will now be floating 21,30,834 units shares worth Rs 21.30 crore as a part of IPO for the general public. After this, its paid up capital will reach Rs 1.06 arba.
Allotment Module:
