Api Power Limited is issuing its initial public offering (IPO) of 30,00,000 shares at par value of Rs 100 per share.

The public portion is 27,60,000 shares. 90,000 shares have been allotted to employees and 1,50,000 to mutual funds.

The public can apply for a minimum of 50 shares and a maximum of 1000 shares.

The issue will open on 24 Asar and close on 28 Asar at the earliest.

API Power Limited has appointed NIBL Capital Markets Ltd. as the issue and sales manager.