Apollo Hydropower Limited opened its Initial Public Offering (IPO) for the general public from Chaitra 26, with the issue remaining open until today. The company issued a total of 780,200 ordinary shares worth Rs. 7.80 crore at a face value of Rs. 100 per share.
Investors were allowed to apply for a minimum of 10 shares and up to a maximum of 94,000 shares. The IPO has been managed by Himalayan Capital Limited as the issue and sales manager.
According to the company’s credit rating, CARE Ratings Nepal has assigned a ‘CARE-NP BB Minus’ issuer rating, indicating moderate risk in the company’s ability to meet its financial obligations.
As per data from CDSC, by Tuesday evening, a total of 2,623,820 applicants had applied for the IPO. These investors applied for 29,904,950 shares worth Rs. 2.99 arba.
The IPO has been oversubscribed by 38.32 times compared to the total issue size, reflecting strong demand in the secondary market.
Investors can apply through C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON), or via the online “Mero Share” system operated by CDS and Clearing Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
