API Power share trading commence from today; trading range from Rs 100 to Rs 301

Api Power Company Limited and Nepal Stock Exchange have signed an agreement to list 1 crore shares of Api Power Limited. The trading has commenced in the NEPSE from today. As per the notice published on NEPSE, The open range is set from Rs 100- 301 for the first transaction. The stock symbol for Api Power Company is set as API, The first transaction of API held at Rs 301 in the early hour of trading today, which later increased by maximum 1.99% to settle at Rs 307 per share now. Api Power Company Limited had floated its Initial Public Offering (IPO) of 30,00,000 unit shares to general public from Ashad 24 to Ashad 28, 2072. The issue manager of the IPO issue was NIBL Capital Markets Limited. Api Power has appointed NIBL Capital Limited as its Registrar to the Share (RTS). NIBL Capital will be providing various share related transactions such as ownership transfer of shares, signature verification, splitting of shares, dividend distribution, among others, and all other services related to share registration from its office in Lazimpat, Kathmandu.