Apollo Hydropower Limited will open its Initial Public Offering (IPO) for the general public starting tomorrow, Chaitra 26, 2083. The company plans to issue 780,200 ordinary shares at a par value of NPR 100 per share, totaling NPR 78.02 crore.
Investors can apply for a minimum of 10 shares and a maximum of 94,000 shares. The IPO will remain open at the earliest until Chaitra 30, 2083, and at the latest until Baisakh 10, 2083, depending on subscription demand.
Apollo Hydropower has been assigned an “CARE NP Double B Minus” issuer rating by Care Rating Nepal, indicating a moderate level of risk in meeting its financial obligations.
The IPO’s issuance and management will be handled by Himalayan Capital Limited. Interested investors can submit applications through C-ASBA-enabled banks and financial institutions approved by the Nepal Securities Board (SEBON). Additionally, applications can also be submitted online via the ‘Mero Share’ system operated by CDS and Clearing Limited.
This article was originally published on https://bajarkochirfar.com. Translated and edited by our editorial team.
