IPO Issuance of Apollo Hydropower For Locals and Migrant Workers From Tomorrow; In-Depth Analysis of Company Performance
Summary
Appolo Hydropower Limited in Nepal is launching an IPO targeting locals and migrant workers, raising NPR 141 million to fund its 6 MW Buku Khola Hydropower Project under development in Okhaldhunga. The company shows stable profits and high loan dependence during construction with potential for stability after operation begins.
Key Points
- Appolo Hydropower Limited received SEBON approval for IPO issuance to locals and Nepalese abroad to raise NPR 141 million.
- The company is developing the 6 MW Buku Khola Hydropower Project in Okhaldhunga District under a BOOT model.
- Financials show increased assets and loans reflecting ongoing construction with modest profits ahead of electricity generation.
- Project completion and timely operation are critical to shift revenue to electricity sales and ensure loan repayments.
