Appolo Hydropower IPO Launch Set for Fagun 11
11th February 2026, Kathmandu
Appolo Hydropower Limited is set to initiate its IPO launch starting Fagun 11, 2082, targeting both local residents in project-affected areas and Nepalis working abroad. This move marks a significant opportunity for investors to participate in Nepal’s growing hydropower sector.
Appolo Hydropower IPO Launch
The Nepal Securities Board (SEBON) has approved the issuance of 30 percent of the company’s paid-up capital, totaling NPR 14.10 crore. This equates to 1,410,000 shares, priced at NPR 100 per share. Of these, 470,000 shares are allocated for residents of project-affected areas, while 94,000 shares are reserved for Nepalis abroad with approved labor permits.
Project Overview: Buku Khola Hydropower
The funds raised from this IPO are primarily directed toward the completion of the Buku Khola Hydropower Project.
Capacity: 6 MW.
Type: Run-of-the-River (RoR).
Location: Khijidemba Rural Municipality, Okhaldhunga District.
River Source: Buku Khola.
Total Estimated Cost: Approximately NPR 1.20 billion (roughly NPR 200 million per MW).
Share Distribution for Local Communities
Appolo Hydropower has structured the IPO to prioritize local stakeholders based on the geographical impact of the Buku Khola project:
Highly Affected Areas: Residents of Khijidemba Rural Municipality (Wards 7 and 8) in Okhaldhunga are eligible for 235,000 shares (50% of the local quota).
Moderately Affected Areas: Residents of Likhu Pike Rural Municipality (Ward 2) in Solukhumbu and Umakunda Rural Municipality (Ward 3) in Ramechhap are eligible for 141,000 shares (30% of the local quota).
Advertisement
Less Affected Areas: Residents of Umakunda Rural Municipality (Ward 2) and Gokulganga Rural Municipality (Ward 1) in Ramechhap can apply for 94,000 shares (20% of the local quota).
Application Period and Limits
Opening Date: Fagun 11, 2082.
Early Closing Date: Fagun 15, 2082.
Minimum Application: 10 shares (NPR 1,000).
Maximum Application: 47,000 shares for locals; 94,000 shares for Nepalis abroad.
IPO Ratings and Risk Assessment
CARE Ratings Nepal has assigned the company an issuer rating of CARE-NP BB- (Is).
Rating Insight: This “Double B Minus” rating indicates that the issuer carries a moderate risk of default. While the project has a signed Power Purchase Agreement (PPA) with the Nepal Electricity Authority (NEA), it faces typical hydropower risks such as hydrology fluctuations (river flow changes) and potential delays in construction.
Himalayan Capital Limited is serving as the issue and sales manager for this offering.
Why Investors Consider Appolo Hydropower
The IPO provides a strategic entry point into a “remittance-focused” investment concept. The company was established with the vision of channeling the savings of migrant workers into productive energy infrastructure, effectively acting as a long-term social security or pension vehicle through future dividend payouts.
As the project moves toward its Commercial Operation Date (COD), the transition from construction to generation will be the key factor in determining the stock’s future value on the Nepal Stock Exchange (NEPSE).
For More: Appolo Hydropower IPO Launch
