Today is the final day for local residents in project-affected areas to apply for the IPO of Apollo Hydropower Limited. The IPO for this group was opened on Falgun 11. Although applications were initially scheduled to close on Chaitra 10, the IPO is closing today due to overwhelming demand.
The company has allocated a total of 6,05,000 shares among local residents based on the level of project impact. 4,70,000 shares are reserved for residents of highly affected areas in Okhaldhunga district, specifically Khijidemba Rural Municipality Wards 7 and 8. 1,41,000 shares are allocated for moderately affected residents in Solukhumbu district, Likhupike Rural Municipality Ward 2, and Ramechhap district, Umakunda Rural Municipality Ward 3. 94,000 shares are set aside for residents in less affected areas of Ramechhap district, including Umakunda Rural Municipality Ward 2 and Gokulganga Rural Municipality Ward 1.
Local residents can apply for a minimum of 10 shares and a maximum of 47,000 shares. Applications can be submitted at the Apollo Hydropower Project Office in Okhaldhunga, Laxmi Sunrise Bank branches (Kinza, Solukhumbu; Shivalaya and Preeti, Ramechhap), Nepal Investment Bank (Khijidemba, Okhaldhunga), and Citizens Bank (Likhupike, Solukhumbu).
The IPO is being managed by Himalayan Capital.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
