Today is the last day for the public to apply for Ridge Line Energy’s IPO. How many applications have been received so far?

Today, Falgun 4, is the final day to apply for the initial public offering (IPO) of Ridge Line Energy Limited. The company had opened its IPO for the general public from Magh 28, issuing 11 lakh 80 thousand 260 shares at a face value of Rs. 100 per share.

Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. For the issuance, Care Ratings Nepal has assigned the company a “CARE NP Double B Issuer Rating,” indicating a moderate risk in the company’s capacity to meet its financial obligations.

The issue and sales manager for the IPO is Prabhu Capital Limited. Investors can submit applications through C-ASBA member banks and financial institutions approved by the Nepal Securities Board, as well as through the “Mero Share” software operated by CDS & Clearing Limited.

According to CDSC data, as of Sunday evening, 22 lakh 44 thousand 643 applicants had applied for the IPO, seeking a total of 2 crore 50 lakh 14 thousand 10 shares worth Rs. 2 arba 50 crore 14 lakh 1 thousand. This demand is 21.19 times higher than the total shares issued.

This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.