Kathmandu: The Initial Public Offer (IPO) of Appolo Hydropower Limited has commenced for the general public from today, April 9, 2026.
The company is selling 30 percent of its total share capital valued at Rs 570 million. Within this, 1,410,000 units of shares valued at Rs 141 million have been set aside for the general public.
Previously, the first phase of the IPO had already been executed by the company. It has sold 470,000 units worth Rs 47 million to local residents living in the affected area by the project. In addition, 94,000 units of shares have been sold to Nepalese citizens residing abroad. Moreover, the company has also retained some of its units for the mutual fund and employees.
Appolo Hydropower, in its current stage, is offering 780,200 shares valued at Rs 78 million to the common people.
The minimum number of shares an investor can apply for is 10, and the maximum number of shares they can apply for is 94,000. The closing date for the IPO is early April 13. In case there is any surplus, it will be extended till April 23.
It has been rated BB by Care Rating Nepal, signifying a moderate risk associated with it.
The IPO of Appolo Hydropower is being handled by Himalayan Capital Limited. All those who want to subscribe can apply through all banks and financial institutions with C-ASBA approval and the MeroShare portal.
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