Ridge Line Energy Limited Closing IPO Shares to Project-Affected Locals of Gorkha and Lamjung From Today
Mon, Jan 12, 2026 10:05 AM on IPO/FPO News, Latest,
Ridge Line Energy Limited is closing the issue of 11,85,000 units of Initial Public Offering (IPO) shares for project-affected locals of Gorkha and Lamjung District today, 28th Poush, 2082. The IPO had opened on 13th Poush, 2082.
The issued capital of the company is Rs. 1.18 Arba. Of this, 22%, i.e., 26,07,000 unit shares, will be issued to the public. Out of the total issue capital, 10%, which amounts to 11,85,000 unit shares worth Rs. 11.85 Crores, will be allocated to project-affected locals of Gorkha and Lamjung districts. The remaining 10% of the issued capital, i.e., 14,22,000 unit shares, will be offered to the general public at a later date.
Of this general public issue, 10% of 14,22,000, a total of 1,42,200 unit shares, were allocated for Nepalese citizens working abroad.
Of the general public issue, 2%, i.e., 28,440 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 71,100 units, have been set aside for the mutual funds. The remaining 11,8260 units are for the general public and will be opened later.
For the project-affected locals and Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, while the maximum quantity is 50,000 units.
Prabhu Capital Limited has been appointed as the issue manager.
CARE Ratings Nepal Limited (CRNL) has upgraded Ridge Line Energy Limited’s issuer rating to CARE-NP BB (Is) from CARE-NP BB- (Is), indicating a moderate risk of default. Similarly, the rating for the company’s long-term bank facilities has also been upgraded to CARE-NP BB from CARE-NP BB-.
Ridge Line Energy Limited (RIDGE), incorporated on December 28, 2017, as a public limited company, has been established by individual promoters to develop the 9.05 MW Super Chepe Hydropower Project (SCHP). The project is being executed under the “BOOT” (Build, Own, Operate and Transfer) model and is situated in Ajirkot Rural Municipality of Gorkha District, Nepal.
