Ridge Line Energy Limited and Suryakund Hydro Electric Limited have completed the registration of their initial public offering (IPO) shares with the Central Depository System (CDSC).
On Chaitra 3, CDSC signed a dematerialization agreement with Ridge Line Energy Limited and Prabhu Capital Limited, the IPO registrar. Following the completion of the registration process, the IPO shares will be credited to investors’ demat accounts. Subsequently, the shares will be listed on the Nepal Stock Exchange (NEPSE), and trading in the secondary market will commence from the next day. For the first trading session, Ridge Line Energy shares will have an opening price range set between NPR 100 and NPR 300 per share.
Similarly, on Chaitra 3, CDSC also signed a dematerialization agreement with Suryakund Hydro Electric Limited. After registration, the IPO shares will be credited to investors’ demat accounts and listed on NEPSE, with trading beginning the following day. The opening price range for Suryakund Hydro Electric shares has been set between NPR 94.77 and NPR 284.31 per share.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
