Trading of Arun Kabeli Power to start from today as AKPL

Arun Kabeli Hydropower Limited (AKPL) had listed 1,50,00,000 units shares in CDS & Clearing Limited and in Nepal Stock Exchange (NEPSE) on April 7, 2017. Out of the 1.50 crore units shares, 29.10 lakh units ordinary shares can now be traded in NEPSE from today with first price range between Rs 99.07 and Rs 297. The company’s 1.05 crore units promoter shares, 15 lakh units IPO shares of local people and 90,000 shares of its staffs are locked in until Poush 4, 2076 for trading (3 years from allotment of IPO for public). They can be traded in NEPSE from Poush 5, 2076 only. AKPL has a paid up capital of Rs 1.50 arba with promoter – public shareholding structure at 70% and 30% respectively. It is constructing a 25 MW Kabeli B-1 hydropower plant located in the border of Panchthar and Taplejung district. The project is supposed to complete this year and the electricity generated from the plant will be connected to the national grid by Ashwin 2074.