Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Ridge Line Energy Company. Applicants who apply will be available until office hours today.

The company has been permitted to issue 26,07,000 units of 26,07,000 shares i.e. 22% of the issued capital of Rs 1.18 billion.

Out of the total offered shares, 1,185,000 units are for the locals of the project affected areas and 1,42,200 units are for the employment of the Nepalese living abroad.

Similarly, the company has set aside 28,440 units for employees and 71,100 units for mutual funds. The remaining 11,80,260 units of shares worth Rs 11,80,26,000 have been issued to the general public.

Applications can be place for minimum 10 units and maximum 50,000 units. Prabhu Capital has been appointed as its issue manager.

The interested bidders can apply for the IPO from Securities Board of Nepal (SEBON) and Bank of India (SEBON) and Mero Shares.