Appolo Hydropower IPO for Locals and Nepalese Working Abroad

The NEPSE primary market is whizzing again! Appolo Hydropower Limited (APHPL) has officially kicked off its Initial Public Offering (IPO) process. Known for its unique concept of using remittances for nation-building, this IPO is expected to attract high participation from both residents and Nepalese working abroad.

In this post, we’ll dive into the dates, financial health, and project details to help you decide whether this is worth investing in Appolo Hydropower Limited.

Appolo Hydropower Limited IPO Dates & Details

The IPO is being issued in two phases. The first phase is currently open for project-affected locals and migrant workers.

Note: The IPO for the General Public (Phase 2) will open shortly after the allotment of the first phase. Stay tuned!

Project & Company Analysis

Appolo Hydropower isn’t just a single project; it is built on a “Pension Model” concept. The goal is to channel small savings from Nepalese workers abroad into energy projects that provide long-term returns, similar to a pension fund.

• Location: The project is primarily centered in the Okhaldhunga and Ramechhap districts.
• Credit Rating: CARE-NP BB- (assigned by CARE Ratings Nepal). This indicates a moderate risk regarding the company’s ability to meet financial obligations.
• Financials: As of the latest reports, the company is in an active construction stage. While it is generating some revenue, the debt-to-equity ratio is typical for a developing hydro project—meaning profitability will likely scale once full commercial production begins.

Should You Apply?

Before you hit “Apply” on MeroShare, consider these points:

The Pros:

• Low Entry Cost: At Rs 100 per share, it’s an accessible entry point for new investors.
• Social Impact: Your investment supports domestic energy production and utilizes remittance for development.
• Experienced Management: Managed by a team focusing on long-term sustainability.

The Cons:

• Hydropower Risks: Like all hydro projects, it is susceptible to construction delays and hydrological risks (water flow variations).
• Moderate Rating: A “BB-” rating suggests you should be cautious and not over-leverage your investment.

How to Apply?

1. For Migrant Workers: You can apply through the C-ASBA system via your linked bank account or the MeroShare app/website.
2. For Locals: Applications can be submitted at designated bank branches (Laxmi Sunrise Bank, Nepal Investment Mega Bank, and Citizens Bank) in Okhaldhunga and Ramechhap.

Minimum Application: 10 units (Rs 1,000)

Final Thoughts:

Appolo Hydropower represents a bridge between our migrant workforce and the national economy. If you are looking for a long-term addition to your portfolio and want to support Nepal’s energy sector, this is one to watch.

Read Also: Palpa Cement IPO Details 2026: Opening Date, Kitta, & How to Apply

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When does the Appolo Hydropower IPO open for the general public?

Currently, the IPO is open for Project-Affected Locals and Nepalese Migrant Workers (started February 23, 2026). The issue for the general public typically opens after the first phase is allotted, likely in late March or early April 2026.

Where is the Appolo Hydropower project located?

The company is developing the Buku Khola Hydropower Project (6 MW) located in the Okhaldhunga district. The IPO is specifically open for residents of certain wards in Okhaldhunga, Solukhumbu, and Ramechhap districts.

How can migrant workers apply for this IPO?

Nepalese citizens working abroad with a valid labor permit can apply through the MeroShare app or website using the C-ASBA service provided by their respective banks.

Who is the issue manager for Appolo Hydropower?

Himalayan Capital Limited has been appointed as the official issue and sales manager for this IPO.