Redge Line Energy Limited has received the green signal to bring its Initial Public Offering in Nepal. The company can now issue shares at the face value of Rs 100 per share, as approved by the Securities Board of Nepal.
The company will release 26 lakh 7 thousand shares worth Rs 26 crore 7 lakh. This will be done in two stages. In the first phase, the IPO will be offered to people living near the project area and to Nepali citizens working abroad. After completing the first round, the company will open the IPO for the general public. Prabhu Capital Limited will handle the management and sales of the IPO.
Redge Line Energy gets approval to launch IPO
Kushal Niroula
Stock analytics expert, Kushal Niroula specializes in in-depth market data interpretation, delivering insightful analyses and actionable trends to help both novice and experienced investors navigate the...
Stock analytics expert, Kushal Niroula specializes in in-depth market data interpretation, delivering insightful analyses and actionable trends to help both novice and experienced investors navigate the share market with confidence.
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