Whoa, talk about momentum! Himalayan Bank Limited’s (HBL) Further Public Offering (FPO) isn’t just popular – it’s getting seriously oversubscribed. Remember yesterday’s news about it being 1.5 times oversubscribed right out the gate? Well, hold onto your hats. Fresh data from CDSC reveals the Himalayan Bank FPO has now rocketed to being oversubscribed by a whopping 2.01 times! That’s a massive jump in just one day. How massive? A total of 870,670 applications have flooded in, demanding a staggering 1,85,97,030 units. Considering Himalayan Bank is only offering 92,50,469 units, this surge clearly shows investors are scrambling to grab a piece of the action before the FPO window slams shut. This level of demand for Himalayan Bank shares is seriously impressive.
So, what’s the deal investors are chasing? Himalayan Bank is issuing exactly 92,50,469 unit shares through this FPO. While the face value per share is Rs. 100, investors need to pay Rs. 157 – that extra Rs. 57 is the premium. The bank aims to collect Rs. 1.45 Arba from this offering. Citizens Capital Limited is steering the ship as the issuance manager. Want in? You can apply for a minimum of 10 shares. The maximum? Well, technically, the entire 92,50,469 units, but good luck with that! The FPO opened on 32nd Ashadh, 2082, and the clock is ticking – it closes on the 4th of Shrawan, 2082. With this explosive demand seeing the Himalayan Bank FPO hit 2.01x oversubscription, anyone still thinking about applying should definitely get moving fast.
Strong Demand Contrasts with CARE Ratings Downgrade for Himalayan Bank
Here’s where things get really interesting for Himalayan Bank. While the public is clearly voting with their wallets, showing huge confidence by oversubscribing the FPO 2.01 times, there’s another perspective to consider. CARE Ratings Nepal Limited (CRNL) recently adjusted their view on the bank’s financial health, and it wasn’t an upgrade. They downgraded Himalayan Bank Limited’s issuer rating from ‘CARE-NP BBB+ (Is)’ down to ‘CARE-NP BBB (Is)’. Even more cautiously, they’ve placed Himalayan Bank under credit watch with negative implications. This same downgrade applies to Himalayan Bank’s Subordinated Bonds.
Himalayan Bank Rating Change Summary:
| Rating Type | Previous Rating | New Rating | Credit Watch Status |
|---|---|---|---|
| Issuer Rating | CARE-NP BBB+ (Is) | CARE-NP BBB (Is) | Negative Implications |
| Subordinated Bonds | CARE-NP BBB+ (Is) | CARE-NP BBB (Is) | Negative Implications |
What does this CARE Ratings downgrade mean in plain terms for Himalayan Bank? A ‘BBB’ rating signifies “moderate safety.” Essentially, CARE Ratings is indicating there’s a moderate level of credit risk associated with Himalayan Bank meeting all its financial obligations exactly on time within Nepal’s market. It isn’t a red alert, but it’s definitely a step down from their previous assessment and signals that analysts see some potential challenges brewing. They’re effectively saying, “Proceed with a bit more caution; we’re watching closely.”
This creates a fascinating contrast for Himalayan Bank. On one side, you have overwhelming public investor demand, pushing the FPO to 2.01 times oversubscription incredibly quickly. This suggests strong market faith or simply high demand for banking shares right now. On the flip side, the professional ratings agency has just sounded a note of caution about the bank’s underlying credit strength. It highlights the difference between the immediate, bullish sentiment driving the FPO frenzy and the more measured, longer-term risk assessment from the ratings experts. Investors piling into the Himalayan Bank FPO will be keenly hoping the bank successfully addresses the concerns behind the credit watch while they ride this wave of popularity. How Himalayan Bank shares perform once trading begins after the FPO will be crucial to watch.
want to checkout about apple iphone pro max 17
