Before You Invest in Apollo Hydropower IPO, Take a Closer Look at the Company
Summary
Appolo Hydropower Limited, a Nepalese energy development company, has received SEBON approval for its IPO aimed at raising NPR 141 million to fund the Buku Khola Hydropower Project, a 6 MW run-of-river plant in Okhaldhunga.
Key Points
- Appolo Hydropower Limited was established in 2007 and focuses on developing hydroelectric projects in Nepal using a BOOT model.
- The company's Buku Khola Hydropower Project is a 6 MW run-of-river plant under development in Okhaldhunga District.
- The IPO aims to raise NPR 141 million by issuing 1,410,000 ordinary shares, with 30% shares allocated to locals and public, and 70% retained by promoters.
- The company shows a strong dependence on bank loans with increasing assets due to ongoing construction and is expected to improve revenue after the plant begins operations.
