Ridge Line Energy Limited will issue an initial public offering to the general public from February 11, offering 1.18 million ordinary shares at a face value of Rs 100 each. The Rs 118 million issue follows earlier allocations to local residents and Nepali workers abroad. Investors can apply for between 10 and 50,000 shares through the C-ASBA system until February 16. Care Ratings Nepal has assigned the IPO a “CARE-NP BB” rating, indicating moderate risk. Prabhu Capital Limited is managing the issue.
