Snow Rivers Limited to Issue IPO to General Public from Baisakh 29
April 27, 2026 | Investopaper
After the first phase, Snow Rivers Limited is going to sell the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public will open from Baisakh 29, 2083 BS.
The company is selling 7,78,125 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
The public offering will close on Jestha 1, 2083 BS.
The company has allotted 46,875 shares to the mutual fund schemes and has reserved 18,750 shares to the employees of the company.
In total (including the first and second phase), the company plans to sell 18,75,000 unit shares at the par value of Rs. 100 in the public offering. Hence, the public issue amounts to Rs. 18.75 crores.
First Phase: IPO To Locals & Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Chaitra 9, 2082 BS.
The company had floated 9,37,500 shares to the locals of the project affected areas of the Taplejung and Panchthar district. If fully subscribed, the IPO to locals of project affected areas will close on Chaitra 23, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 10,000 shares.
Earlier, the company had issued 93,750 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Chaitra 9, 2082 BS. The IPO to foreign employed Nepalis was closed on Chaitra 12, 2082 BS. Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 1,000 shares.
Securities Board of Nepal (SEBON) has already given the approval to the company for the public issuance. The company had submitted the application to the board on Mangsir 8, 2082 BS. Only after the regulatory body SEBON’s permission, the company can sell the shares to the public.
The company has appointed Sanima Capital Limited as the issue and sales manager for the IPO. The agreement for public offering has already been signed between the company and Sanima Capital Limited on this regard.
About Snow Rivers Limited
Snow Rivers Limited is currently operating a 13.5 MW Super Kabeli Khola-A HPP in Taplejung district. The project started commercial electricity generation from December 20, 2024. The per-megawatt cost of the project is Rs. 20.1 crores.
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