Appolo Hydropower Limited IPO Allotment Concludes: Lucky 78,020 Applicants Allotted 10 Units Each via Lottery System
Summary
Appolo Hydropower Limited concluded its IPO allotment, distributing 78,020 applicants with 10 units each via lottery. The company raised capital for its 6 MW project in Okhaldhunga, Nepal.
Key Points
- Appolo Hydropower Limited issued 7,80,200 units in its IPO to the public and specific groups.
- 78,020 applicants were allotted 10 units each through a lottery system.
- The company is developing a 6 MW run-of-the-river hydropower project in Okhaldhunga District under the BOOT framework.
- CARE Ratings Nepal Limited rated the company's issuer rating as 'CARE-NP BB- (Is)', indicating moderate financial risk.
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