Himalayan Urja IPO concludes. Applications placed for more than 50 crores amount.

April 9, 2019 | Investopaper

Himalayan Urja IPO has concluded this Monday and the IPO has received good number of applications. The total of more than 72,000 applicants applied for the IPO issue.

Related: How to apply IPO/FPO/Right Share through Mero Share?

The total of 51 lakhs 37 thousand 557 units has been applied by the applicants. However, Nabil Investment Banking has informed that the numbers are yet to be confirmed.

The company had issued 14 lakhs 85 thousand units of shares at the IPO subscription price of Rs. 100. So, looking at this initial statistics, the applicants will receive minimum 10 to maximum 20 shares of Himalayan Urja.

The company with issue capital of 99 crore had made an issue of 15 percent share to the general public.



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