Himalaya Urja Allots IPO Issued to Locals of Affected Area

Dec 21, 2018 Merolagani

Himalaya Urja Bikas Company (HUBCL) has allotted IPO issued to locals of affected area of Ramechhap and Dolakha.

As per Nabil Investment Banking, issue manager of the bank applicants of the hugely affected area of Gokulgnaga Rural Municipality ward no 1 and Jiri Municipality 1 and 2 who sought a minimum of 50-450 units of shares are provided the exact number of sought shares.

Similarly, the applicants who sought a minimum of 500-4900 units of shares were provided a minimum 450 units of shares. The remained shares were allocated to 23 out of 460 applicants at the rate of 10 units of shares through lottery.

Similarly, the applicants of affected area of Gokulganga Rural Municipality Ward no 2,3,4 and 5, Jiri Municipality Ward no 3, Tamakoshi Rural Municipality Ward no 5 and 6 and Manthali Municipality 13 who applied for a minimum of 50 to maximum of 2020 unit of shares are provided the exact number of sought shares.

Applicants who sought 2500-4900 units of shares are provided a minimum 2080 units of shares. The remaining 30 units of shares were allotted to 3 applicants at a rate of 10 per applicant through lottery.

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