Himalayan Power Partner Limited (HPPL) has successfully completed the allotment of its rights shares. The company had issued rights shares in the ratio of 1:0.5 (0.5 rights share for every 1 existing share held) to shareholders recorded as of Chaitra 09, 2082, at a face value of NPR 100 per share.
| Details | Information |
|---|---|
| Company | Himalayan Power Partner Limited (HPPL) |
| Rights Ratio | 1:0.5 |
| Face Value | NPR 100 per Share |
| Total Rights Shares Issued | 53,27,085 Shares |
| Eligible Shareholders Record Date | Chaitra 09, 2082 |
| Valid Applicants | 46,769 Shareholders |
| Rights Shares Allotted | 48,58,345 Shares |
| Allotment Committee Decision Date | Jestha 18, 2083 |
| Board Approval Date | Jestha 19, 2083 |
| Issue Manager | Global IME Capital Limited |
Refund Details
Applications received for shares beyond shareholders' entitled rights were not fully allotted. Therefore, the refund process for unallotted applications has commenced.
| Details | Information |
|---|---|
| Refund Start Date | Jestha 21, 2083 |
| Refund Method | Direct transfer via IPS |
| Beneficiaries | Applicants whose excess applications were not allotted |
| Action Required | Check respective bank accounts for refund credit |
Key Highlights
| Item | Details |
|---|---|
| Total Rights Issue Size | 53.27 Lakh Shares |
| Total Shares Allotted | 48.58 Lakh Shares |
| Total Valid Applicants | 46,769 |
| Refund Channel | IPS Transfer |
| Issue Manager | Global IME Capital Limited |
Market Impact
The completion of the rights issue strengthens Himalayan Power Partner's capital base and provides additional funding for the company's future operations and growth plans. Investors who applied for excess shares but did not receive allotment can now expect refunds directly into their linked bank accounts.
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