Appolo Hydropower Limited's IPO; Deadline Extended for General Public Till Baishakh 02
Summary
Appolo Hydropower Limited has extended its IPO deadline for 780,200 shares until 2nd Baisakh 2083, with applications far exceeding the shares on offer.
Key Points
- Appolo Hydropower Limited extended its IPO deadline until 2nd Baisakh, 2083.
- The company is issuing 780,200 IPO shares to the general public at a par value of Rs 100.
- The IPO has been oversubscribed 32.25 times with over 22 million applicants for 251 million units.
- CARE Ratings Nepal Limited reaffirmed Appolo Hydropower's issuer and bank facility ratings at 'CARE-NP BB- (Is)' indicating moderate risk.
