Appolo Hydropower Limited Opens IPO for Project-Affected Locals and Foreign Nepalese Immigrants From Today
Summary
Appolo Hydropower Limited has opened its IPO targeting project-affected locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts and Nepali citizens working abroad, offering shares of its 6 MW hydropower project.
Key Points
- Appolo Hydropower Limited opened its IPO for project-affected locals and Nepali citizens working abroad starting 11th Falgun 2082.
- The IPO offers 470,000 shares to locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts, and 94,000 shares to Nepali expatriates.
- Minimum application quantities are 10 units with maximums set for locals at 47,000 units and 94,000 units for abroad citizens.
- CARE Ratings Nepal Limited reaffirmed the company’s issuer and bank facilities rating at 'CARE-NP BB- (Is)', indicating a moderate financial risk.
