IPO Issuance of Apollo Hydropower For Locals and Migrant Workers From Today; In-Depth Analysis of Company Performance
Summary
Apollo Hydropower Limited is issuing an IPO starting today targeting local residents and Nepalese workers abroad to raise NPR 141 million, while the company continues developing the Buku Khola Hydropower Project in Okhaldhunga District.
Key Points
- Apollo Hydropower Limited was established in 2007 and is developing the 6 MW Buku Khola Hydropower Project in Okhaldhunga District under a BOOT model.
- The company has received SEBON approval to issue an IPO to raise NPR 141 million with shares allocated first to local residents and Nepalese employed abroad.
- Apollo Hydropower's balance sheet shows significant asset growth due to ongoing construction and a sharp increase in loan borrowings indicating financial reliance on bank loans before electricity generation begins.
- The company reported stable revenue around NPR 540 million and small but steady profits before electricity production with future success tied to timely project completion and commencement of power generation.
