Today is the final day to apply for the Initial Public Offering (IPO) issued by Apollo Hydropower Company.
The company opened the IPO for general public investors on March 26. It had received approval to issue shares worth 30% of its total capital of Rs 570 million, equivalent to Rs 141 million or 1.41 million units of shares.
Out of the total issuance, 470,000 shares were already allocated to locals of the project-affected areas, and 94,000 shares were distributed to Nepalis working abroad with labor approval from the Government of Nepal. Similarly, 37,000 shares were set aside for mutual funds and 18,800 shares for company employees.
For the general public, the company has issued shares worth Rs 78.02 million, totaling 780,200 units at a face value of Rs 100 per share.
Applicants must apply for a minimum of 10 shares and can apply for up to 94,000 shares.
The issue and sales manager for the IPO is Himalayan Capital Limited. Investors can apply through ASBA-approved banks and financial institutions or via the Mero Share system after approval from the Securities Board of Nepal.
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