Apollo Hydropower Limited is set to open its Initial Public Offering (IPO) from Falgun 11, 2082. The company has received approval to issue 14,10,000 ordinary shares at a face value of NPR 100 per share, totaling NPR 14.1 crore, which represents 30% of its paid-up capital of NPR 57 crore.
Of the total IPO, shares worth NPR 4.7 crore (4,70,000 shares) have been reserved for local residents in project-affected areas. Within this allocation, 50% (2,35,000 shares) will go to highly affected residents of Okhaldhunga District, Khijidemba Rural Municipality Wards 7 and 8; 30% (1,41,000 shares) to moderately affected residents of Solukhumbu District, Likhu Pike Rural Municipality Ward 2, and Ramechhap District, Umakunda Rural Municipality Ward 3; and the remaining 20% (94,000 shares) to less affected residents of Ramechhap District, Umakunda Ward 2, and Gokulganga Rural Municipality Ward 1. The application period for residents in affected areas will close at the earliest on Falgun 25 and at the latest on Chaitra 10.
Similarly, within the general public allocation, 10% (94,000 shares, worth NPR 94 lakh) is reserved for Nepali workers abroad with labor approval. Applications for this group will close at the earliest on Falgun 14 and at the latest on Falgun 25. Investors can apply for a minimum of 10 shares, while local residents may apply for a maximum of 47,000 shares and Nepali workers abroad for up to 94,000 shares.
The company has been assigned a CARE-NP BB- (Double B Minus) Issuer Rating by CARE Ratings Nepal, indicating a moderate risk regarding its ability to meet financial obligations. Himalayan Capital Limited is appointed as the IPO issuance and sales manager.
Local residents can submit applications through the project office in Okhaldhunga as well as the branches of Laxmi Sunrise Bank (Kinza, Solukhumbu), Shivalaya and Preeti (Ramechhap), Nepal Investment Bank Khijidemba (Okhaldhunga), and Citizens Bank Likhu Pike (Solukhumbu), with a NPR 2 application fee per form. Nepali workers abroad can apply through ASBA member banks and financial institutions approved by SEBON using the C-ASBA system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
