Himalayan Power Partner Limited has completed the allotment of 468,740 units of unsubscribed right shares that were recently auctioned to the public. The company had opened the sealed bid auction for these shares from Jestha 27 to Asar 4.
According to the company, the cutoff price for the auctioned shares has been fixed at Rs 345.10 per share. Investors who submitted their bids at this cutoff price or higher have been successfully allotted shares on a proportional basis based on overall demand and relative weight.
Mount Everest Power Development Limited IPO Allotment Scheduled
Refund Process and Issue Manager
For applicants who did not receive any shares or whose bids were only partially successful, the refund amount will be sent directly to their designated bank accounts. The company announced that the refunds will be processed through the Interbank Payment System (IPS).
Global IME Capital Limited managed the entire issue and allotment process for these auctioned right shares on behalf of the hydropower company.