Ridge Line Energy Limited IPO Allotment Concludes: Lucky 1,18,026 Applicants Allotted 10 Units Each via Lottery System
Summary
Ridge Line Energy Limited concluded its IPO allotment with 1,18,026 applicants allotted 10 units each via lottery, supporting the 9.05 MW Super Chepe Hydropower Project in Nepal.
Key Points
- Ridge Line Energy Limited concluded its IPO allotment at Prabhu Capital Limited, Kathmandu.
- A total of 11,80,260 units were issued to the general public with 1,18,026 applicants allotted 10 units each through a lottery.
- The IPO received 25,37,301 valid applications for 2,71,32,230 units, with 40,518 applications disqualified.
- The company’s issuer rating was upgraded by CARE Ratings Nepal Limited to CARE-NP BB, indicating moderate risk.
