Himalaya Urja Starts Issuing IPO

Apr 03, 2019 Merolagani

Himalaya Urja Bikas Company (HUBCL) has started issuing IPO from April 3. The company is issuing 1,485,000 million units of shares worth Rs 148.5 million to the general public.

The company has allocated 5 percent i.e. 74,250 units to mutual funds and 2 percent i.e.  44,550 unit shares to the employees.

ICRA Nepal has assigned grade 4 rating to the issue indicating below average fundamentals.

The company has appointed Nabil Investment Banking as its issue manager. The issue will close early on April 8 and lately on May 2.

The interested investors can apply from all ASBA approved BFIs and through meroshare software. The interested investors can apply for a minimum of 50 to maximum of 6,500 units.


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