Api Power Company Closing 10:4 Right Share From Bhadra 19

September 5, 2023 | Investopaper

Api Power Company Limited (API) is currently selling right shares to the shareholders. The company is issuing right shares in the ratio 1:0.4 from Shrawan 31, 2080 BS. This means that shareholders’ with 100 shares can apply for the additional 40 right shares.

The right offering will remain open until Bhadra 19, 2080 BS.

For this purpose, the company had fixed the book closure date on Ashad 22, 2080 BS. Therefore, the investors purchasing the shares of API until Ashad 21, 2080 BS will be eligible to apply for the right shares. 

Securities Board Of Nepal (SEBON) had given the permission to the company on Ashad 6, 2080 BS. The company had submitted the application to the board on Chaitra 6, 2079 BS seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.

The right offering will be on the capital of Rs. 4.13 Arba. Hence, the company plans to issue 1,65,33,137 unit right shares that amounts to Rs. 1.65 Arba (i.e 40 percent of Rs. 4.13 Arba)

Muktinath Capital Limited is the issue and sales manager for the right offering.

After the right issue, the paid-up capital will reach Rs. 5.78 Arba. The company has stated that it will pay loans worth Rs. 1.68 Arba from the amount received through right offering.


How to apply IPO/FPO/Right Share through Mero Share?


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4 thoughts on “Api Power Company Closing 10:4 Right Share From Bhadra 19

  • July 9, 2023 at 5:35 pm

    when will be bookinng date

  • July 9, 2023 at 5:37 pm

    booking date kaile ho

  • August 19, 2023 at 12:06 pm

    I have applied for right share but share ragistar have not verified my form( application not veryfied bhnchha) what to do. Pls what to do for my application.

  • September 6, 2023 at 6:29 am

    i could not apply because it was not shown in deadline from the morning what to do


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