Today, Baishakh 2, marks the final opportunity for general investors to subscribe to the Initial Public Offering (IPO) of Apollo Hydropower Limited. The issue, which opened on Chaitra 26, will conclude at the banking closing hours today.
After completing the first phase of the IPO for project-affected locals and Nepalis employed abroad, the company is now concluding its second phase targeted at the general public.
Apollo Hydropower IPO Issue Details and Allocation
The company received approval to issue a total of 1.41 million shares, representing 30% of its issued capital (Rs 570 million). The distribution breakdown is as follows:
- Project-Affected Locals: 470,000 shares (Already distributed)
- Foreign Employment Category: 94,000 shares (Already distributed)
- Mutual Funds: 37,000 shares
- Company Employees: 18,800 shares
- General Public (Current Issue): 780,020 units
Investors can apply for a minimum of 10 units and a maximum of 94,000 units at a par value of Rs 100 per share.
Project Profile & Financial Health
Apollo Hydropower Limited is currently operating the 6-megawatt Buku Khola Hydropower Project. Potential investors should take note of the following key project metrics:
| Metric | Details |
| Total Estimated Cost | Rs 1.37 billion |
| Cost Per Megawatt | Rs 228.673 million |
| Payback Period (Normal) | 7.77 years |
| Payback Period (Discounted) | 16.43 years |
| Credit Rating | CARENP Double B Minus (Moderate risk) |
Note: The “Double B Minus” rating by CARE Rating Nepal suggests that the company has a moderate risk level regarding its ability to meet its financial obligations.
How to Apply for Apollo Hydropower IPO
Himalayan Capital Limited is the designated issue and sale manager. Eligible investors can submit their applications through:
- C-ASBA: Any bank or financial institution authorized by the Securities Board of Nepal (SEBON).
- Mero Share: The online portal or mobile app provided by CDS and Clearing Limited.
With the deadline approaching this afternoon, investors are encouraged to verify their CRN numbers and ensure sufficient funds are available in their linked bank accounts to avoid last-minute technical glitches.
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