Arun Kabeli Power Limited (AKPL) has successfully listed 18,552,105 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these shares in a 1:1 ratio, amounting to a total of 185,521,05 units, available for subscription to its shareholders between the 11th and 31st of Bhadra, 2080. However, only 165,372,88 units were allotted to eligible shareholders during this initial offering. Subsequently, the remaining 20,148,17 units of unsubscribed right shares were put up for auction, which took place from the 30th of Ashwin to the 14th of Kartik, 2080.
Nabil Investment Banking Limited acted as the auction manager for AKPL during this process. Following the auction, the same 18,552,105 units of right shares are now officially listed on NEPSE. At the time of this report, the Last Traded Price (LTP) for AKPL stands at Rs. 171.10. This successful listing reflects the company’s efforts to engage its shareholders and capitalize on the market through the auctioning of unsubscribed shares, ultimately contributing to its market presence and value.
