Kathmandu: Apollo Hydropower Limited has extended the deadline for its Apollo Hydropower IPO for people living in project-affected areas. The company made this decision after the shares were not fully subscribed within the earlier deadline.
The company is issuing 470,000 shares to local residents. The total value of these shares is Rs 47 million. Each share has a face value of Rs 100.
People from Okhaldhunga, Solukhumbu, and Ramechhap districts can apply for the IPO. The eligible areas include Khijidemba Rural Municipality in Okhaldhunga, Likhu-Pike Rural Municipality in Solukhumbu, and Umakunda and Gokulganga Rural Municipalities in Ramechhap.
The IPO will now close on March 24, 2026. The company extended the deadline to give more time to eligible local investors.
Applicants can apply for a minimum of 10 shares and a maximum of 47,000 shares. Investors can submit their applications through C-ASBA approved banks and financial institutions. They can also apply online through the MeroShare system.
Apollo Hydropower is developing a 6 MW run-of-the-river hydropower project in Okhaldhunga district. After this phase, the company plans to issue shares to the general public.
The Apollo Hydropower IPO issue manager is Himalayan Capital Limited.
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