Kathmandu, Ridge Line Energy Company Limited is going to open the issue and sale of ordinary shares (IPO).

The company is about to issue 2,082,870 ordinary shares (IPOs) at a face value of Rs 100 per share, equivalent to Rs 208.287 million, which is 30 percent of the issued capital of Rs 694.29 million.

The company has appointed Prabhu Capital Limited as the issue and sale manager for the purpose of issuing ordinary shares (IPO).

The company is constructing a 9.05 MW Super Chepe Hydropower Project on the Chepe River at Ajirkot 2 in Gorkha District.