Appolo Hydropower Limited's IPO; Deadline Extended for Project Affected Locals Till Chaitra 10
Summary
Appolo Hydropower Limited has extended the deadline for its IPO to project-affected locals in Okhaldhunga, Solukhumbhu, and Ramechhap districts until 10th Chaitra 2082. The IPO involves allocation of shares specifically for locals and Nepalese citizens abroad.
Key Points
- Appolo Hydropower Limited extended the IPO issue deadline to 10th Chaitra, 2082 for project-affected locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts.
- The company’s issued capital is Rs. 47 crores with 30% (14,10,000 unit shares) issued to the public, and 10% allocated to project-affected locals.
- Nepalese citizens working abroad have an allocation of 10% of the general public issue with specific application limits.
- CARE Ratings Nepal Limited reaffirmed the issuer rating of Appolo Hydropower Limited at ‘CARE-NP BB- (Is)’, indicating moderate financial risk.
