The allocation of IPO shares by Hathway Investment Nepal Limited to Nepalese residents working abroad concluded this morning.
The company’s entire issued capital is Rs. 1.17 Arba, with the public receiving 12.5% of that, or 29,25,000 unit shares. 10% (292,500 unit shares) of these shares were granted to Nepalese people working abroad between the 4th and 18th Shrawans of 2080.
The IPO got 27,231 applications for 14,17,180 units, but 5 applications for 260 units were rejected due to the method shares were assigned.
A total of 292,500 units were distributed to 14,625 eligible candidates, each of whom received 20 units.
Global IME Capital Limited oversaw the IPO. People might apply for as few as 20 units and as many as 100,000 units. Hathway Investment Nepal Limited, an investment firm founded in 2009 and in operation since 2011, engages in a variety of stocks and real estate. Its main office is located in the Hathway Complex in Lainchaur, Kathmandu. Hathway’s long-term bank limitations were rated [ICRANP] LBBB- by ICRA Nepal, while its short-term bank limits were rated [ICRANP] A3. The issuer rating of the company has been reaffirmed at [ICRANP-IR] BBB-.
