Kathmandu. The IPO of Ridge Line Energy has been allotted. The IPO was issued at the office of Prabhu Capital, the issue manager.
The company had issued 11,80,260 units of shares to the general public from February 12 to February 14. A total of 3,04,420 units of shares were sought from 2,723,914 applicants.
Out of the total applicants, 2,537,301 applicants had sought 2,71,32,230 units of shares. Accordingly, 33,10,190 units of shares demanded from 1,86,613 applicants due to various reasons were rejected.
The IPO has also been allotted through lottery due to more applications than the demand. A total of 1,18,026 applicants have been allotted 10 units of shares.
Of the total applicants, 24,19,275 have been left empty-handed.
The final results of the IPO will be announced shortly. The final issue can be viewed on Prabhu Capital as well as my shares and iporesult.cdsc.com.np of CDSC.
