Api Power to distribute third phase of IPO share certificate to all the shareholders from today

Kathmandu Noverber 8- Api Power Company Limited to distribute third phase of IPO share certificate to all the shareholders from today.

As per the notice published today, the investors who got allotted shares are requested to collect their share certificate from the same collection centers where they applied for their IPO

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 November 1. 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) and public ratio in the company will be 60%, 10% and 30% respectively. Source: Sharesansar