Kathmandu. Shares of Ridge Line Energy will be traded in the secondary market from Thursday.
Nepal Stock Exchange (NEPSE) has listed the initial public offering (IPO) of Ridge Line Energy. The IPO of any company starts trading from the second day of its listing. According to the same provision, the shares of the company will be traded from tomorrow.
A total of 1,18,50,000 units shares of Ridgeline have been listed in NEPSE. Out of which 26,07,000 units are held by the general public (22%) and 92,93,000 units (78%) by the promoters.
For the first transaction, NEPSE has fixed a minimum of Rs 100 to a maximum of Rs 300 per share. The trading signal is that the company has received RLEL.
The company’s shares will be traded for the regular session if they are traded within the range set by NEPSE.
Super Khudi Hydropower had opened its IPO to the general public from February 12 to February 14. The IPO was allotted on February 28.
