Himstar Urja IPO Result

The company issued 773,975 shares worth Rs 77,397,500 at a face value of Rs 100 per each from June 24 to June 27 for issuance to the public.A total of 2.044 million people applied for 24.13 million shares out of which 1.9289 million applications were approved and 149.80 million were applied for. The company’s IPO has been allocated through a roundabout process due to more applications than demand. Out of the approved applications, 77,392 have received company shares at the rate of 10 shares while five lucky investors had received shares at the rate of 11 shares.

The IPO of Himstar Energy Company was held on Wednesday. The IPO was held at the office of NIC Asia Capital Limited, the company’s share issuance and sales manager, Thapathali.