IPO Proposal of Ridge Line Energy Limited Approved by SEBON
Summary
Securities Board of Nepal has approved Ridge Line Energy Limited's IPO to issue nearly 11.85 million shares to the public, supporting the 9.05 MW Super Chepe Hydropower Project in Gorkha District.
Key Points
- Securities Board of Nepal approved Ridge Line Energy Limited's IPO proposal on 22nd Mangsir, 2082.
- The company will issue 11,850,000 shares at a par value of Rs. 100 per share.
- Prabhu Capital Ltd is appointed as the issue manager for this public offering.
- CARE Ratings Nepal Limited upgraded Ridge Line Energy's credit ratings, indicating moderate risk.
