Kathmandu. Today is the last day for the project affected locals to apply for the IPO of Apollo Hydropower. <\/p>\n
The company had issued the issue to the locals of the project-affected area from February 24. Although the IPO can be applied till March 10, it is being closed from today due to more applications than the demand. <\/p>\n
The company has been granted permission to issue 14,10,000 units of ordinary shares i.e. 30% of the issued capital of Rs 57 crore. Out of this, 4,70,000 units of ordinary shares worth Rs 4.7 crore each are being issued for the locals of the project-affected area. <\/p>\n
Out of the total offered shares, 50% i.e. 235,000 units will be allotted to the residents of high affected areas i.e. Khijidemba Rural Municipality Ward No. 7 and 8 of Okhaldhunga District, while 30% i.e. 141,000 units will be allotted to the residents of moderately affected areas i.e. Likhupike Rural Municipality Ward No. 2 of Solukhumbu and Umakunda Rural Municipality Ward No. 3 of Ramechhap District. Similarly, the remaining 20 percent or 94,000 units of shares will be distributed among the locals of Ward No 2 of Umakunda Rural Municipality and Ward No 1 of Gokulganga Rural Municipality of Ramechhap District. <\/p>\n
Applications can be place for minimum 10 units and maximum 47,000 units. The interested bidders can bid for the shares from Apollo Hydropower at Okhaldhunga, Kinja branch of Laxmi Sunrise Bank, Shivalaya and Preeti branch of Ramechhap, Khijidemba branch of Nepal Investment Bank and Likhupike branch of Citizens Bank. <\/p>\n
Himalayan Capital has been appointed as the issue manager for the IPO issuance.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Today is the last day for the project affected locals to apply for the IPO of Apollo Hydropower. The company had issued the issue to the locals of the project-affected area from February 24. Although the IPO can be applied till March 10, it is being closed from today due to more applications than […]<\/p>\n","protected":false},"author":16,"featured_media":16572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45212,45159,45180],"tags":[],"class_list":["post-290758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hydropower-en","category-news-en","category-stockmarket-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=290758"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290758\/revisions"}],"predecessor-version":[{"id":290759,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/290758\/revisions\/290759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/16572"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=290758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=290758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=290758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}