IPO for General Public: Appolo Hydropower Limited Issue 7,80,200 Units IPO Shares from Today
Summary
Appolo Hydropower Limited has launched an IPO issuing 7,80,200 shares at Rs. 100 each, with allocations for project-affected locals, Nepalese abroad, employees, and mutual funds. The company is developing a 6 MW hydropower project in Okhaldhunga District.
Key Points
- Appolo Hydropower Limited has opened an IPO to issue 7,80,200 shares to the general public starting 26th Chaitra, 2082.
- The IPO includes allocations for project-affected locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts, as well as Nepalese citizens working abroad, company employees, and mutual funds.
- CARE Ratings Nepal Limited reaffirmed Appolo Hydropower's issuer rating at CARE-NP BB- indicating moderate financial risk.
- Appolo Hydropower Limited is developing a 6 MW run-of-the-river hydropower project in Okhaldhunga under the BOOT framework.
