Himalayan Bank’s FPO Allotment Completed, 9 Lucky Applicants Receive 11 Units Each
Author
NEPSE TRADING

The allotment of shares for Himalayan Bank Limited's Further Public Offering (FPO) was completed this morning at the bank’s central office in Kamaladi. The FPO was open to the public from July 16 to July 20 (Ashar 32 to Shrawan 4).
According to the allotment results, out of a total of 1,786,782 applicants, 925,037 investors received 10 units each, while 9 fortunate applicants received 11 units each through the lottery system. Investors can now check their allotment results via the sales manager Citizens Capital, through their Meroshare accounts, CDS & Clearing’s official website https://iporesult.cdsc.com.np, or the bank’s website.
On July 7 (Ashar 22), the Securities Board of Nepal granted approval to the bank to issue a total of 9,250,469 units of FPO shares at a face value of Rs. 157 per unit. The issuance was in compliance with the Banking and Financial Institutions Act, which mandates that at least 30% of a bank's issued capital must be held by the general public, with the remaining 70% by promoters.
Following this allotment, the shareholding structure of Himalayan Bank now stands at 158,071,637.72 promoter shares and 67,744,987.59 public shares.