Appolo Hydropower Limited is set to open its Initial Public Offering (IPO) to the general public from Chaitra 26, 2082, marking its entry into Nepal’s primary capital market.

The company will issue 780,200 units of ordinary shares at a face value of Rs. 100 per share. The IPO is scheduled to close early on Chaitra 30, with a provision to extend the deadline until Baisakh 10, 2083, if the issue remains undersubscribed.

The company has a total issued capital of Rs. 47 crores, of which 30%—equivalent to 1,410,000 units—has been allocated for public issuance. Within this, 10% (470,000 units) was already reserved for project-affected locals from Okhaldhunga, Solukhumbhu, and Ramechhap districts, while the remaining 20% (940,000 units) is designated for the general public.

From the general public allocation, 10% (94,000 units) has been earmarked for Nepali citizens working abroad. Additionally, 2% (18,800 units) has been reserved for employees of the company, and 5% (47,000 units) has been set aside for mutual funds. The remaining 780,200 units will now be available for the general investing public.

Investors can apply for a minimum of 10 units and a maximum of 94,000 units. Himalayan Capital Limited has been appointed as the issue manager for the offering.

In terms of creditworthiness, CARE Ratings Nepal Limited has reaffirmed the company’s issuer rating at ‘CARE-NP BB- (Is)’ and its long-term bank facilities rating at ‘CARE-NP BB-’, indicating a moderate risk of default on financial obligations.

Appolo Hydropower Limited, which transitioned from a private to a public company in September 2022, is currently developing a 6 MW run-of-the-river hydropower project in Okhaldhunga under the BOOT (Build, Own, Operate, Transfer) model.