IPO for General Public: Ridge Line Energy Limited Company Issue 11,80,260 Units IPO Shares from Today
Summary
Ridge Line Energy Limited has opened its IPO issuing 11,80,260 shares to the general public from 28th Magh 2082, with subscriptions managed by Prabhu Capital Limited. Shares have also been allocated for locals, expatriates, employees, and mutual funds. The company recently received a credit rating upgrade.
Key Points
- Ridge Line Energy Limited opened its IPO for general public shares starting 28th Magh 2082.
- The company is issuing 11,80,260 shares at Rs. 100 par value with an issued capital of Rs. 1.18 Arba.
- Shares were pre-allocated to local project-affected people and Nepalese citizens abroad.
- CARE Ratings Nepal Limited upgraded Ridge Line Energy’s issuer and bank facility ratings to CARE-NP BB indicating moderate risk.
