As per the company, a total of 1,595,554 applicants have applied for 17,754,300 units of shares. Out of them, 1,611 applications have been canceled.
Out of the approved 1,593,796 applications,183,047 applicants have been provided 10 units of shares. Out of them too, 2 lucky applicants were provided additional one unit.
Himalayan Hydropower issued the IPO to the general public from June 29- July 3. The company issued 1,968,250 units of ordinary shares including 618,250 units unsubscribed units from the issue to the locals of affected area. Out of total offered units, 2 percent i.e. 39,365 units were secured to employees and 5 percent i.e. 98,413 units to mutual funds. The general public could apply for the remaining 1,830,472 units.
As the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines.
