Appolo Hydropower Limited IPO Allotment Concludes: Lucky 78,020 Applicants Allotted 10 Units Each via Lottery System
Fri, Apr 24, 2026 10:05 AM on IPO/FPO News, IPO/FPO Result News, Latest,
Appolo Hydropower Limited's IPO allotment was concluded today at the premises of the issue manager, Himalayan Capital Limited, IT Plaza, Kathmandu.
The company had issued 7,80,200 units as an Initial Public Offering (IPO) to the general public from (26th Chaitra, 2082 to 2nd Baishakh, 2083).
The issued capital of the company is Rs. 47 crores. Of this, 30%, i.e., 14,10,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 4,70,000 unit shares worth Rs. 47 Crores, were allotted to project-affected locals of Okhaldhunga, Solukhumbhu, and Ramechhap districts. The remaining 20% of the issued capital, i.e., 9,40,000 unit shares, are for the general public.
Of this general public issue, 10%, a total of 94,000 unit shares, were allotted for the Nepalese citizens working abroad. Of the general public issue, 2%, i.e., 18,800 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 47,000 units, have been reserved for mutual funds. The remaining 7,80,200 units were issued for the general public.
The issue received a total of 27,27,117 valid applications for 2,98,51,380 units. Meanwhile, 43,901 applications for 5,03,750 units were disqualified.
As per the allotment results, 78,020 applicants were allotted 10 units each through a lottery system.
Allotment Module:
The IPO result can be accessed by CDSC IPO Result, MeroShare, and Himalayan Capital Limited.
CARE Ratings Nepal Limited (CRNL) has reaffirmed Appolo Hydropower Limited’s (AHL) issuer rating at ‘CARE-NP BB- (Is)’ and its long-term bank facilities rating at ‘CARE-NP BB-’, indicating a moderate risk of default in meeting financial obligations in Nepal.
Apolo Hydropower Limited (AHL), initially incorporated as a private limited company, was converted into a public limited company on September 22, 2022. The company is developing a 6 MW run-of-the-river project in Okhaldhunga District, Nepal, under the BOOT (Build, Own, Operate, and Transfer) framework.
