Snow Rivers Limited to Sell 18,75,000 Shares in IPO
February 2, 2026 | Investopaper
Snow Rivers Limited is in the process of issuing shares to the public (IPO). Securities Board of Nepal (SEBON) has 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 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.
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.
In the first phase, the company will sell shares to the locals of the project affected areas. Likewise, in the second phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes.
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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