KATHMANDU, July 29: Himalayan Bank’s Further Public Offering (FPO) has been allotted, with 925,046 applicants receiving 10 shares each. The FPO, priced at Rs 157 per share (Rs 100 face value and Rs 57 premium).
The FPO saw overwhelming demand, with 1.82 million applicants requesting a total of 38.5 million shares—more than double the available 9.25 million shares—resulting in nearly half of the applicants going empty-handed.
Citizens Capital served as the issue manager. Investors can check their allotment status through the Meroshare platform or the CDS and Clearing website.
The FPO was issued to increase the bank’s public shareholding to 30 percent. Currently, Himalayan Bank has a paid-up capital of Rs 21.65 billion, with 72.99 percent held by the promoter group.