Hathway Investment Nepal Limited IPO Allotment Concluded, How to check result ?

The IPO allotment for Hathway Investment Nepal Limited was completed today, the 2nd of Ashwin, 2080. The allotment event took place at the offices of the issue manager, Global IME Capital Limited, located in Kathmandu.

Out of a total of 29,25,000 units, 10%, equivalent to 292,500 unit shares, were designated for Nepalese citizens working abroad. Additionally, 2%, or 58,500 units, were reserved for the company's employees, and 5% of the total offered shares, totaling 146,250 units, were set aside for mutual funds. The remaining 24,27,750 units were made available to the general public.

This issuance is expected to generate Rs. 14.625 crores for the company, as each share was issued at a face value of Rs. 50 per share. Following the IPO allotment, the company's current paid-up capital of Rs. 1.023 Arba will increase to Rs. 1.17 Arba.

According to CDSC (Central Depository and Clearing Company), Hathway's IPO attracted applications from 1,324,411 individuals, totaling 312,569,920 units, marking an oversubscription rate of 12.87 times the initial offering.

Based on the data, it is evident that only 242,775 fortunate applicants will become shareholders of the company.

ICRA Nepal has assigned a long-term rating of [ICRANP] LBBB- (pronounced ICRA NP L triple B minus) to Hathway Investment Nepal Limited's long-term bank limits. The short-term rating of [ICRANP] A3 for the short-term bank limits has been reaffirmed by ICRA Nepal. The issuer rating of the company has also been reaffirmed at [ICRANP-IR] BBB- (pronounced ICRA NP issuer rating triple B minus).

For those interested in checking the IPO result, it can be accessed on the Global IME Capital website at https://globalimecapital.com/ipo-fpo-share-allotment-check, as well as on the CDSC website at https://iporesult.cdsc.com.np/.