If you love hydropower stocks on the Nepal Stock Exchange or NEPSE share market, here’s a big update from the hydropower sector. Ridge Line Energy Limited is ready to issue its IPO – perfect for share investment in Nepal!
The company got approval to float 26,07,000 ordinary shares (22% of issued capital) at Rs 100 each. This hydropower IPO is a great chance to add NEPSE hydropower companies to your Demat account.
First phase starts from Poush 13, 2082 BS for project-affected locals and Nepalis working abroad:
- 11,85,000 shares for locals in Ajirkot Rural Municipality (Gorkha) and selected wards of Dudhpokhari & Dordi (Lamjung).
- 1,42,200 shares reserved for foreign-employed Nepalis.
You can apply minimum 10 shares and maximum 50,000 shares. Use ASBA or C-ASBA for easy application!
After this phase, general public IPO will come – stay ready!
Ridge Line Energy runs the 9.05 MW Super Chepe Hydropower Project, already in commercial operation. It’s a strong player in Nepal hydropower.
CARE Ratings Nepal gave CARE-NP BB rating – moderate risk for financial obligations.
Prabhu Capital Limited is the issue manager for this NEPSE IPO.
This hydropower IPO is hot for NEPSE traders and long-term shareholders. Once listed, watch the RIDGE share price!
Planning to apply for Ridge Line Energy IPO? Share your thoughts in comments!
Keep following for more NEPSE news, upcoming IPOs, dividend announcements, and Nepal stock market updates.
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