Apollo Hydropower IPO Allotment Scheduled for Baisakh 11
Apollo Hydropower’s IPO allotment is set for Baisakh 11, with around 78,020 applicants expected to receive 10 shares each.
Apollo Hydropower Limited has finalized the allotment date for its Initial Public Offering (IPO) issued to the general public. According to the issue manager Himalayan Capital Limited, the IPO allotment is scheduled to take place on Friday, Baisakh 11.
The company had issued a total of 780,200 shares to the public from Chaitra 23 to Baisakh 2.
Following the allotment, approximately 78,020 applicants will receive 10 shares each. Due to heavy oversubscription, the remaining applicants are expected to go empty-handed.
The allotment will be conducted through a lottery system, as demand for the IPO significantly exceeded the number of shares available.