Nepal’s Securities Board Approves IPO Issuance of Ridge Line Energy Limited

The Securities Board of Nepal (SEBON) has granted approval to Ridge Line Energy Limited to issue its Initial Public Offering (IPO).

SEBON has authorized the company to sell 2,607,000 units of ordinary shares to the public at a par value of Rs 100 per share. Prabhu Capital Limited will serve as the issue manager for the IPO.

Ridge Line Energy has already completed the construction of the 9.050-MW Super Chepe Khola Hydropower Project located in Gorkha and Lamjung districts and has been in commercial operation since Magh 2080.

Additionally, the company has invested in the 11-MW Dudhpokhari Chepe Hydropower Project, further expanding its energy generation portfolio.

With SEBON’s approval, Ridge Line Energy is now set to enter the public market, opening another investment opportunity for Nepali investors.