IPO Issue of Appolo Hydropower Limited Closing Today; Oversubscribed 38.32 Times So Far
Summary
Appolo Hydropower Limited's IPO of 7,80,200 shares is closing today after being oversubscribed 38.32 times, with participation from locals, expatriates, and mutual funds.
Key Points
- Appolo Hydropower Limited's IPO of 7,80,200 shares at Rs 100 par value closes today.
- The public issue was oversubscribed 38.32 times with 26,23,820 applicants applying for 2,99,04,950 units.
- Shares are allocated among project-affected locals, general public including expatriates, employees, and mutual funds.
- CARE Ratings Nepal Limited reaffirmed AHL’s issuer rating at ‘CARE-NP BB- (Is)’ indicating moderate financial risk.
