Ridgeline Energy Limited IPO Application Closes Today for the General Public

The application period for the Initial Public Offering (IPO) of Ridgeline Energy Limited, which has been open to the general public since Magh 28, concludes today.

Earlier, the company had already completed the share allocation for project-affected local residents and Nepali citizens working abroad. Only after completing this process did the company proceed with the public issuance.

Out of the company’s total issued capital of NPR 1.18 billion, 22 percent—equivalent to NPR 260.7 million or 2.607 million shares—was approved for public issuance. From this, 1.185 million shares were allocated to local residents affected by the project, while 142,200 shares were reserved for Nepalis employed overseas, and their distribution has been completed.

In the second phase, the company set aside 28,440 shares for employees and 71,100 shares for mutual funds. The remaining shares worth NPR 118.026 million, totaling 1,180,260 units, have been offered to the general public.

The company has urged interested investors to submit their applications within office hours today, as they will not be able to participate in the IPO after the deadline.