Kathmandu: Apollo Hydropower Limited has opened its Initial Public Offering (IPO) for the general public from today, April 9, 2026.
The company issued the IPO for the general public in the second phase after distributing shares reserved for local residents affected by the project and Nepalis working abroad.
The company was permitted to issue 1,410,000 ordinary shares worth NPR 141,000,000, which is 30% of the paid-up capital of NPR 570,000,000. Among these, 470,000 shares were allocated to local residents in the project-affected areas, and 94,000 shares were reserved for Nepalis working abroad.
Similarly, 37,000 shares were set aside for collective investment funds, and 18,800 shares were allocated for company employees.
Now, the remaining 780,200 ordinary shares worth NPR 78,020,000 have been issued for the general public. The face value per share has been set at NPR 100.
Investors can apply for a minimum of 10 shares and a maximum of 94,000 shares. The IPO will remain open from April 9 until at the earliest April 13 and at the latest, April 23, 2026.
Evaluating the company’s financial position, Care Ratings Nepal has provided a ‘CARE NP Double B Minus’ issuer rating, indicating a moderate risk in the company’s ability to meet its obligations.
The 6 MW Buku Khola Hydropower Project operated by the company has an estimated total cost of NPR 137,203,900. The estimated cost per megawatt is around NPR 22,867,300.
The company has stated that the ordinary investment payback period is 7.77 years, and the discounted payback period is 16.43 years.
Himalayan Capital Limited is the IPO issue and sales manager. Investors can apply through participating banks and financial institutions authorized by the Nepal Securities Board using the ‘C-ASBA’ system. Applications can also be submitted through the Mero Share online system.
Jalasarokar
