Appolo Hydropower Limited Closing IPO Shares to Project-Affected Locals of Okhaldhunga, Solukhumbhu, and Ramechhap District From Today
Summary
Appolo Hydropower Limited is closing the IPO share issuance for project-affected locals in Okhaldhunga, Solukhumbu, and Ramechhap districts, offering 470,000 units today. The company is developing a 6 MW run-of-the-river hydro project under the BOOT framework.
Key Points
- Appolo Hydropower Limited is closing the IPO issuance of 470,000 shares for project-affected locals in Okhaldhunga, Solukhumbu, and Ramechhap districts on 1st Chaitra 2082.
- The total issued capital is Rs. 47 crores with 30% (1,410,000 units) allocated to the public.
- Out of the public offer, 10% or 470,000 shares are reserved for affected locals, and 10% of the general public shares are reserved for Nepalese citizens working abroad.
- CARE Ratings Nepal Limited reaffirmed Appolo Hydropower's issuer rating at 'CARE-NP BB- (Is)', indicating moderate financial risk.
