API to start trading from tomorrow; trading range from Rs 98.61 to Rs 295.83

Api Power Limited and Nepal Stock Exchange have signed an agreement to list 1 crore shares of Api Power Limited. The trading of the company is set to begin from tomorrow.

The trading range is likely to be set from Rs 98.61 to Rs 295.83.

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.

The hydropower company floated  30,00,000 unit shares for General Public (Out of which 90,000 unit shares set aside for its employees and 1,50,000 unit shares set aside  for the 6 mutual fund companies). 10,00,000 unit shares were floated  for the locals of the project affected areas. 60,00,000 unit shares are owned by promoter shareholders.