Ridge Line Energy Limited IPO Allotment Completed; 118,026 Applicants Receive Shares Through Lottery

On Falgun 14 (Thursday), the IPO of Ridge Line Energy Limited was officially allotted to the general public. The company had issued 1,180,260 ordinary shares at a par value of NPR 100 per share from Magh 28 to Falgun 4, amounting to a total issue size of NPR 118,026,000. The IPO witnessed overwhelming investor participation, with 2,537,301 applicants applying for a total of 27,132,230 shares. As the issue was oversubscribed multiple times, the shares were allotted through a lottery system in accordance with regulatory provisions. According to the allotment results, 118,026 applicants received 10 units of shares each, while the remaining applicants were left without allocation due to excess demand.