Kathmandu. Today is the last day to apply for the IPO of Apollo Hydropower Company. The company had issued the issue to the locals of the project-affected area from February 24. Today is the last day of the IPO.

The company was allowed to issue 14,10,000 units of shares worth Rs 14.10 crore i.e. 30% of the issued capital of Rs 57 crore. Out of the offered, 4,70,000 units of ordinary shares worth Rs 4.70 crore are being issued to the locals of the project-affected area.

Out of the total 2,35,000 units of shares issued to the residents of the project-affected areas, 50% i.e. 2,35,000 units of shares will be issued to the residents of Khijidemba Rural Municipality of Okhaldhunga district. 30 percent i.e. 141,000 units of land will be distributed among the residents of Ward No. 7 and 8 of the district. The distribution will be done for the residents of Umakunda Rural Municipality Ward No. 3 of Ramechhap district.

Similarly, the remaining 20 percent i.e. 94,000 units of shares have been allotted to the least affected areas of Umakunda Rural Municipality Ward No. 2 and Gokulganga Rural Municipality of Ramechhap District. It will be distributed among the local residents of Province 1. The interested investors can apply for a minimum of 10 units of shares in the IPO. The local residents can apply for a maximum of 47,000 units of shares.

Himalayan Capital Limited has been appointed as the issue manager for the IPO issuance.