Apollo Hydropower Limited opened its IPO for local residents on Falgun 11. The company has now extended the application window, allowing eligible residents to submit their applications until Chaitra 10. The IPO is valued at Rs 4.7 crore, representing 470,000 ordinary shares issued at Rs 100 per share. Applicants can apply for a minimum of 10 shares and a maximum of 47,000 shares under this offering.
The IPO is specifically reserved for residents of project-affected areas, with shares allocated based on the level of impact. Highly affected areas will receive 235,000 shares, reserved for residents of Khijidemba Rural Municipality, Wards 7 and 8, Okhaldhunga District. Moderately affected areas will receive 141,000 shares, allocated to residents of Likhupike Rural Municipality, Ward 2, Solukhumbu District, and Umakunda Rural Municipality, Ward 3, Ramechhap District. The lowly affected areas will receive 94,000 shares, designated for residents of Umakunda Rural Municipality, Ward 2, and Gokulganga Rural Municipality, Ward 1, Ramechhap District.
The IPO issuance and sales are being managed by Himalayan Capital Limited as the issue and sales manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
