Ridge Line Energy Limited will open its Initial Public Offering (IPO) for the public from Magh 28. The company plans to issue 1,180,260 ordinary shares at a price of Rs. 100 per share for public investors. Applicants can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO allotment is scheduled to take place between Falgun 4 and Falgun 13.
In its rating for the IPO, Care Ratings Nepal has assigned the company a ‘CARE NP BB’ issuer rating, indicating a moderate risk in the company’s ability to meet its obligations.
The IPO is being managed and allocated by Prabhu Capital Limited. Investors can submit their applications through all C-ASBA member banks and financial institutions approved by the Nepal Securities Board, or via the ‘Meroshare’ online platform of CDS and Clearing Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
