Himalaya Urja Bikas Company Allots IPO

Apr 16, 2019 Merolagani

Himalaya Urja Bikas Company (HUBCL) has allotted IPO on April 16. In the IPO, that was allotted as per Securities Issuance and Allotment Guidelines, most of the applicants were provided 20 units of shares.

According to issue manager, Nabil Investment and Banking, out of the valid 69,670 applicants, 66,950 applicants were provided 20 units of shares while 2,720 applicants were provided 10 units of shares. However, 38 applications seeking 2,800 shares were cancelled due to errors.

The company issued 1,366,200 units of shares from April 3-8. The issue has been oversubscribed by 3.78 times.

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