Apollo Hydropower's IPO distribution, how likely is it for you?

The allotment of the ordinary shares (IPO) issued by Apollo Hydropower Limited is scheduled to take place on this Friday, Baisakh 11. Himalayan Capital Limited, the company's share issue and sales manager, is preparing to finalize the allotment process. There is a significant participation of investors in this IPO. By the last day, there were 41.95 times more applications than the total demand. According to Nepal Securities Analysis Center (CDSC), a total of 28 lakh 75 thousand 372 applicants have applied for this IPO. According to this, an application of more than 3 billion 27 crore rupees has been received for a total of 780 thousand 200 shares of the company.

Due to oversubscription in the IPO, allotment of shares will be done by round robin. At the rate of 10 shares, only about 78,000 applicants will get shares, while more than 2.8 lakh applicants are likely to be left empty-handed.