Apollo Hydropower has completed the allocation of its initial public offering (IPO) issued in the first phase for project-affected local residents and Nepalis working abroad. The company had received approval to issue 1,410,000 shares at a face value of NPR 100 each, of which 470,000 shares were allocated to project-affected local residents and 94,000 shares to overseas Nepalis.
Within the project-affected local category, shares were distributed based on the level of impact: 235,000 shares for highly affected, 141,000 shares for moderately affected, and 94,000 shares for low-affected residents.
The allocation process was carried out today morning by the company’s issue manager, Himalayan Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
