KATHMANDU, Dec 11: Ridge Line Energy Limited has received approval from the Securities Board of Nepal (SEBON) to issue its initial public offering (IPO).
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The company is set to float 2,607,000 shares, equivalent to Rs 260.7 million at a face value of Rs 100 per share. This IPO represents 20 percent of the company’s paid-up capital.
Prabhu Capital Limited has been appointed as the issue and sales manager for the IPO.
