Hathway Investment’s IPO applications, depending on luck to get shares!

Kathmandu, sept 12: Hathway Investment Nepal’s IPO application is pending. About 13 times more applications have been received till the last day of the company’s IPO. In the IPO issued by the company to the general public from 21st of August, it was arranged that applications can be made until 25th of August. According to CDSC, until the last day of the company’s IPO, a total of 32 million 1256 thousand 920 shares have been requested from 13 lakh 24 thousand 411 applicants.

Which is 12.87 times more than the demand. The company’s IPO will be distributed by round robin due to more applications than demand. It seems that you have to rely on luck to get 20 shares in the round distribution. The company got permission to bring an IPO of Rs. According to which, the company had opened the IPO sale of 29 lakh 25 thousand shares at the price of Rs 50.

58 thousand 500 shares representing 2 percent of the total shares have been allocated for the employees of the company, while 146 thousand 250 shares representing 5 percent have been allocated to collective investment funds. Similarly, the company has already distributed 292,500 shares, which will be 10 percent of the total shares, to Nepalis who are employed abroad. For the remaining 24 lakh 27 thousand 750 shares, it was arranged that the general public would be allowed to apply. The company’s IPO sales manager is Global IME Capital.