Himalayan Bank Limited will be allotting its Follow-on Public Offering (FPO) on Tuesday, Shrawan 13 (July 29, 2025) at 9:00 AM. The bank had issued the FPO from Ashar 32 to Shrawan 4 to meet the regulatory requirement of maintaining at least 30% public shareholding, as stated in the Banks and Financial Institutions Act. Currently, only 27% of the bank’s shares are held by the public.
The bank issued a total of 9,250,469 units of shares worth NPR 1.45 billion at a price of NPR 157 per share, which includes a face value of NPR 100 and a premium of NPR 57. According to the issue manager, Citizens Capital, the FPO received overwhelming interest from investors, with a total of 1,704,273 individuals applying for shares.
As only 925,046 applicants will receive 10 units each through the lottery-based allotment, around 779,227 applicants will not receive any shares. Due to the high oversubscription, the allotment will be based on a lucky draw system. Investors can expect the result to be available shortly after the allotment is completed.
