Kamal Him Star Urja Company Limited has issued a public notice regarding a temporary halt in the deposit of its IPO allotted shares.
According to the company, a technical error occurred during the process of crediting the allotted securities into investors’ Demat accounts at its share registrar and transfer representative, NIC Asia Capital Limited. As a result, the company has suspended all the allotted shares that were deposited on May 2, 2082, until the error is fully corrected.
This means investors who were expecting their allotted shares to reflect in their accounts will need to wait until the technical issue is resolved. The company assured that the matter is being addressed and that the suspension is only temporary.
Him Star Urja also requested all concerned stakeholders and investors to take note of this development and remain patient as the registrar works to rectify the issue.
This update highlights the importance of smooth technical processes in the IPO allotment and settlement phase, as even minor errors can affect thousands of investors.
Notice: Him Star Urja Suspends IPO Share Deposits Due to Technical Error
