Kathmandu – Ridge Line Energy Limited will open its Ridge Line Energy IPO Nepal for the general public soon. The company plans to sell 1.18 million shares to investors at Rs 100 per share. The sale will start from 28th Magh (Nepali calendar) and run until 4th Falgun, with the last deadline possible extended if needed.
This comes after Ridge Line Energy already gave shares to local people in project areas and Nepalis working abroad. Investors can apply for a minimum of 10 shares and up to 50,000 shares.
CARE Ratings Nepal has given the IPO a “BB” rating. This means the investment has moderate risk. The company has chosen Prabhu Capital Limited to manage the IPO sale.
Ridge Line Energy runs the 9.05 MW Super Chepe Hydropower Project. Many investors are watching this IPO as part of growing interest in hydropower companies in Nepal’s stock market.
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