Investors have one last chance today to apply for the Ridge Line Energy IPO. The public issue, which opened on February 11, will close at the end of banking hours today.
Under this IPO, the company has issued 2.61 million ordinary shares worth around NPR 260.7 million. The shares are distributed among project-affected locals, Nepali workers abroad, employees, mutual funds, and the general public.
Applications can be submitted through the Meroshare system and C-ASBA-approved banks and financial institutions. Investors can apply for a minimum of 10 shares and up to 50,000 shares. The issue is being managed by Prabhu Capital.
Care Ratings Nepal has given the company a BB rating, which indicates a moderate level of risk. Applicants are advised to check the company information and evaluate their investment objective before applying.
Those who fail to apply by today’s deadline will not be able to take part in this IPO.
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