Kathmandu — Apollo Hydropower Limited has opened its Initial Public Offering (IPO) for the general public starting today.
The company had previously allocated shares from the IPO to local residents of the project-affected area and Nepalis working abroad. Now, the remaining shares are being offered to general investors.
Apollo Hydropower had obtained approval to issue 14,10,000 ordinary shares, equivalent to 30% of its total capital of NPR 57 crore. Of these, 4,70,000 shares were allocated to local residents, 94,000 shares to Nepalis employed abroad with labor approval from the government, 37,000 shares to collective investment funds, and 18,800 shares to company employees.
In this second phase, the company is issuing the remaining 7,80,200 shares, each with a face value of NPR 100, to general investors.
Applicants can apply for a minimum of 10 shares and a maximum of 94,000 shares. The IPO application period will remain open until Chaitra 30. If demand is insufficient, the application deadline may be extended to Baisakh 10.
Himalayan Capital Limited is managing the IPO issuance and sales. Applications can be submitted through the C-ASBA system at participating banks and financial institutions approved by the Nepal Securities Board or online via the “Mero Share” platform provided by CDS and Clearing Limited.
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