Appolo Hydropower Allots IPO

Apr 24, 2026 10:52 AM Merolagani



Appolo Hydropoer has allotted recently issued initial public offering on April 24 in the premises of Himalayan Capital, the issue manager of the company.

The company had issued 780,200 units of ordinary shares at a face value of Rs 100 per share to ordinary shareholders from April 9 to April 15. A total of 2,727,117 applicants had applied for 29,851,380 units of shares in the issue.

Given that the issue was oversubscribed, the allotment took place through lottery system under which 78,020 applicants received 10 units of shares.




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