Ridge Line Energy Limited is set to open its initial public offering (IPO) for the general public from Magh 28, 2082. The company plans to issue 1,180,260 ordinary shares at NPR 100 per share. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO will remain open from Magh 28 to Falgun 4 at the earliest and Falgun 13 at the latest.
In the IPO rating conducted for the issue, Care Ratings Nepal has assigned Ridge Line Energy a “Care NP Double B” issuer rating, indicating a moderate risk in the company’s ability to meet its obligations.
Prabhu Capital Limited has been appointed as the issue and sales manager for the IPO. Investors can apply through all SEBON-approved C-ASBA member banks and financial institutions or via the CDS & Clearing Limited’s “Mero Share” online system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
