IPO Issuance of Appolo Hydropower For Locals and Migrant Workers From Today; In-Depth Analysis of Company Performance
Summary
Appolo Hydropower Limited has received SEBON approval to issue an IPO targeting locals in Okhaldhunga and Nepalis working abroad to raise NPR 141 million, with promoters retaining 70% ownership.
Key Points
- Appolo Hydropower Limited is developing a 6 MW hydroelectric project in Okhaldhunga under a BOOT model.
- The company received SEBON approval for an IPO to raise NPR 141 million by issuing 1,410,000 shares.
- The IPO will be offered first to locals and Nepalese abroad, then to the general public, employees, and mutual funds.
- Financials show increased assets and high loan dependence, typical for a developing hydropower project with stable but small profits prior to operation.
