Er.energyNP@Gmail.com

Ridge Line Energy Limited has opened the sale of its Initial Public Offering (IPO) to the general public starting today February 11, 2026. After completing the allotment of shares reserved for local residents of the project-affected area and Nepalis working abroad, the company has issued the IPO for the general public in this second phase.

The company had received approval to issue 22 percent of its issued capital of NPR 1.185 billion, equivalent to NPR 260.7 million, amounting to 2,607,000 shares. Out of these, 1,185,000 shares have already been allotted to local residents, and 142,200 shares to Nepalis employed abroad.

The company has reserved 28,440 shares for employees and 71,100 shares for collective investment funds, and issued the remaining 1,180,260 shares - with a par value of NPR 100 per share, worth NPR 118,026,000 - to the general public.

For this IPO, applicants can apply for a minimum of 10 shares and a maximum of 50,000 shares. According to the company, the IPO will close earliest on February 16, 2026 and latest on February 25, 2026.

For the IPO, CARE Ratings Nepal has assigned the company a ‘CARE NP Double B (BB)’ rating, indicating a moderate risk in the company’s ability to meet its financial obligations.

The Super Chepe Hydropower Project, operated by the company, has a total capacity of 9.05 MW and a total cost of NPR 209.6 crore, which translates to a per-MW cost of NPR 23.16 crore. The project’s electricity generation license has 30 years and 11 months remaining. The company has stated that the payback period for ordinary investment is 7 years and 4 months, and the discounted payback period is 10 years and 9 months. The project has been in commercial operation and selling electricity through the national transmission line since January 22, 2024.

Prabhu Capital Limited is the share issue and sales manager for the company. Investors can apply through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal, as well as via the ‘Mero Share’ online system.

Jalasarokar