Apollo Hydropower's IPO to the public
Kathmandu. The IPO sales manager Himalayan Capital, which was opened to the general public by Apollo Hydropower Limited from 26th Chait to 2nd Baisakh, has been distributed today. The company had issued a total of 780 thousand 200 IPO shares to the general public at a rate of Rs 100 per share. It was arranged that a minimum of 10 shares and a maximum of 94 thousand shares can be demanded.
Out of 27 lakh 71 thousand 18 applications received throughout the open sale period, only 27 lakh 27 thousand 117 applications were accepted. Due to more applications than the demand, the shares have been distributed by round robin. In allotment, 78 thousand 20 people got shares at the rate of 10-10 shares, while more than 2.6 million people were left empty-handed.
Express
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