Appolo Hydropwer Limited Issuing IPO Shares to Locals of Okhaldhunga, Solukhumbhu and Ramechhap District And Nepalese Employed Abroad From Falgun 11
Summary
Appolo Hydropower Limited is issuing IPO shares to locals of Okhaldhunga, Solukhumbhu, Ramechhap districts and Nepalese abroad starting from Falgun 11, 2082, managed by Himalayan Capital Limited.
Key Points
- Appolo Hydropower Limited is issuing an IPO for locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts and Nepalese citizens working abroad starting from Falgun 11, 2082.
- The company has an issued capital of Rs. 47 crores, with 30% (14,10,000 shares) to be issued to the public.
- 10% of total shares are allocated to project-affected locals of the three districts; another 10% to the general public including 10% set aside for Nepalese abroad.
- Himalayan Capital Limited is the issue manager, and CARE Ratings Nepal Limited reaffirmed AHL's issuer rating at 'CARE-NP BB- (Is)' indicating moderate financial risk.
