Ridge Line Energy Closing IPO to General Public from Today
February 16, 2026 | Investopaper
After the first phase, Ridge Line Energy Limited is going to sell the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Magh 28, 2082 BS.
The company is selling 11,80,260 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
The public offering will close on Falgun 4, 2082 BS.
The company has allotted 71,100 shares to the mutual fund schemes and has reserved 28,440 shares to the employees of the company.
In total (including the first and second phase), the hydropower is planning to sell 26,07,000 shares in the IPO at a face value of Rs 100. Hence, the public issue amounts to Rs 26.07 crores.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Poush 13, 2082 BS.
The company had floated 11,85,000 shares to the locals of the project affected areas of the Gorkha and Lamjung district. Due to full-subscription, the IPO to locals of project affected areas was closed on Poush 28, 2082 BS.
Interested eligible locals can subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
The company had also issued 142,200 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Poush 13, 2082 BS. The IPO to foreign employed Nepalis was closed on Poush 17, 2082 BS. Interested foreign employed Nepalis can apply for a minimum of 10 shares and a maximum of 50,000 shares.
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Upcoming Initial Public Offerings (IPO) In Nepal
For this purpose, Securities Board of Nepal (SEBON) has given the permission to the company on Mangsir 22, 2082 BS. The company had submitted the application to the board on Mangsir 25, 2080 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
The company has appointed Prabhu Capital Limited as the issue and sales manager. An agreement has been reached between the hydropower company and Prabhu Capital in this regard. The agreement was signed by Basanta Giri on behalf of Ridge Line Energy and Managing Director Dinesh Thakali on behalf of Prabhu Capital on Ashwin 12, 2078 BS [September 28, 2021].
Ridge Line Energy Limited, incorporated on December 28, 2017, is currently operating a 9.05 MW Super Chepe Hydropower Project on the Chepe River at Ajirkot 2 in Gorkha District. The project expects to generate 53.71 GWh of electricity annually. The estimated cost of the project is Rs 2.09 billion.
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