Himalayan Reinsurance IPO Result Date-CDSC Mero Share

Himalayan Reinsurance IPO result date is fixed for 27 December 2023. Himalayan Reinsurance Limited (HRL) will announce the IPO Result at 10:00 AM in Taj Reception Suvarna Shamsher Marg Baluwatar.

The company issued the IPO to the general public from Mansir 27 to Paush 2, 2080. NMB Capital Limited is the issue manager. According to the issue manager, a total of 16,61,247 applicants have applied for a total of 3,22,36,170 units. Thus, the issue is oversubscribed by 1.29 times for this IPO.

According to the pre-allotment IPO result, a total of 6,00,000 units have been allocated for the employees of the company, and a total of 15,00,000 units allocated for the mutual funds. The remaining 2,49,00,000 units were allocated for the general public.

Himalayan Reinsurance Limited (HRL)

Himalayan Reinsurance IPO Result Date

Himalayan Reinsurance Limited (HRL) is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.

Capital Structure

Authorized CapitalNPR 21 Billions (USD 175 Millions approx)
Issued Capital   NPR 10 Billions (USD 85 Millions approx)
Paid up Capital    NPR 7 Billions (USD 60 Millions approx)  

Ownership

  • Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 60 Millions approx)
  • NPR 3 Billions (USD 25 Millions approx) shall be Public Share through an IPO to be issued within next 2 years as per the existing rules and regulations in Nepal

Promoters

  • Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;
Golchha GroupMurarka GroupRamesh Corp
Shanker GroupInfinity HoldingsLucky Group
Himalayan Infrastructure Fund Ltd.Shiv Shakti Group  Shalimar Investment  
Saffron CK InvestmentsVaishnav EnterprisesM S Corp
K L Dugar GroupM V Dugar GroupR H Group  
IME GroupPrem Gurung and GroupBalaji Marbles
Allied ContinentalAshlesha Enterprises 

Apart from these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Govt of Nepal. All of the above listed corporate houses occupy a place of pride on the economic map of Nepal, having their business activities spread to all sectors

  • Nepal Bank Limited
  • Rastriya Banijya Bank Limited

How to check IPO Result from CDSC Mero Share ?

Are you looking for how to check IPO result from CDSC Mero Share ? If Yes, you can find all possible channel of IPO Result check. Applicants can check IPO Result from NMB Capital IPO Result Page, Mero Share page and CDSC IPO Result page. you can check it on Himalayan Reinsurance IPO Result Date.

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