Rise Line Energy Limited Opens IPO Sales Today, Application Process Starts

Kathmandu, Poush 13 – Rise Line Energy Limited has officially opened the sales for its Initial Public Offering (IPO) from today, Poush 13. The company has issued its IPO in the first phase for the affected local residents of the project and Nepali citizens working abroad.

The company has received approval from the Securities Board of Nepal (SEBON) to issue 2.67 million shares worth a total of NPR 267 million. Of the total shares, 10 percent, or 1.185 million shares, have been allocated for the local residents of the affected area.

The affected local residents include those from all wards of Ajirkot Rural Municipality in Gorkha, wards 1, 2, and 3 of Dudh Pokhari Rural Municipality in Lamjung, and wards 4, 5, and 6 of Dordi Rural Municipality. Local residents of these areas can apply for a minimum of 10 shares and a maximum of 50,000 shares. The IPO for this group will be open from Poush 28 to Magh 12.

Additionally, the company has issued 142,200 shares for Nepali citizens working abroad, with the same application limit of 10 to 50,000 shares. Nepali workers abroad can apply for the IPO until Poush 17.

Local residents of the affected areas can apply for shares at the company’s office in Gorkha, Prabhu Capital’s Kamaladi office, the online link provided by the company, Prabhu Bank’s Chapetar branch (Gorkha), and Palungtar branch. Nepali citizens working abroad can apply through SEBON-approved banks and financial institutions, their designated branch offices, and the ‘Mero Share’ online system.

After the allocation of shares for the local residents and Nepali citizens working abroad, the company will proceed with the second phase of the IPO for the general public. Of the shares reserved for the general public, 2 percent will be allocated for employees and 5 percent for collective investment funds, with the remaining shares available for public issuance.

Prabhu Capital Limited is responsible for managing the IPO issuance and sales process.

Rise Line Energy Limited has completed the construction of the 9.050 MW Super Chepe Khola Hydropower Project in Gorkha and Lamjung districts and began commercial production in Magh 2080. The company has also invested in the 11 MW Dudh Pokhari Chepe Hydropower Project.

The total cost of the 9.050 MW Super Chepe Hydropower Project is NPR 2.09 billion, with a per MW cost of NPR 231.6 million. The electricity production license for this project is valid for another 30 years and 11 months. The project’s regular investment is expected to be recovered in 7 years and 4 months, while the discounted recovery period is projected to be 10 years and 9 months.

The company’s chairman is Dr. Basant Giri, and the board of directors includes Pradeep Raj Giri, Narayan Kandel, Dipendra Hamal, Pratima Tiwari, and Ashok Kumar Khadka. Dr. Binod Pokhrel serves as an independent director. The company has significant investments from Sopan Multiples and Muktinath Capital.