Api Power to distribute IPO share certificate in different phases; five collection center in Kathmandu to distribute share certificates from today

Wed, Oct 14, 2015 12:49 PM on Latest, Featured, Share Certificate,
Api Power Company Limited is distributing IPO share certificate to its shareholders from today, Ashwin 27, 2072. As per the notice published today, the investors who have submitted their application forms from the following locations can collect their share certificate.
S.No Share Certificate Distribution centers
1. Api Power Company, Trade Tower, Thapathali, Kathmandu
2. Janata Bank Limited, New Baneswor, Kathmandu
       3. Nepal Investment Bank, Pulchowk, lalitpur, Kathmandu
       4. Nepal Investment Bank, Newroad, Kathmandu
       5. Nepal Investment Bank , Putalisadak, Kathmandu
Separate notice will be published for distribution of share certificates for the shareholders who have submitted their application forms in location other than listed above in the table. Furthermore, the allotment advice along with identity card of the investor is mandatory to collect the share certificate. Api Power had opened its Initial Public Offering of 30, 00,000 unit shares. The allotment of the company’s IPO was held on Bhadra 15, 2072. Those who had applied up to Rs 29,000 have fallen under lottery while investors who applied for shares more than Rs 30,000 to Rs 50,000 were allotted 3.2% and 3.3 % of the money they had invested and shares worth more than Rs 51,000 to Rs 1, 0 0,000 have been allotted to 2.5 % to 2.6% shares. After the IPO, the promoter-people of affected area (Darchula and Baitadi) - public ratio in the company will be 60% to 10% to 30%.