Appolo Hydropower Limited Closing 94,000 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Appolo Hydropower Limited is closing its 94,000 unit IPO share issue for foreign Nepalese immigrants today. The company has oversubscribed the IPO by 11.34 times with strong applications from various categories including project-affected locals.
Key Points
- Appolo Hydropower Limited is closing its IPO issue for foreign Nepalese immigrants on 14th Falgun, 2082.
- The company has issued 14,10,000 unit shares to the public, with 10% allocated to project-affected locals and 10% to Nepalese working abroad.
- The IPO has been oversubscribed 11.34 times with 76,644 applicants applying for 10,66,180 units.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of Appolo Hydropower Limited at 'CARE-NP BB- (Is)', indicating moderate financial risk.
