Snow Rivers Limited IPO will launch on May 12, 2026. It will mark the beginning of the second stage of the IPO, where Snow Rivers Limited will distribute shares to people of the affected communities and Nepali nationals working abroad.
The company has offered 20% of the issued capital, which is worth Rs. 937.5 million. Out of this, 1,875,000 units valued at Rs. 187.5 million were offered to the general public. In the first round of subscription, 937,500 units were offered to local people, and 93,750 units were offered to Nepalese expatriates working abroad. Moreover, 46,875 units were offered to mutual funds, and 18,750
Currently, there are 778,125 shares valued at Rs. 77.8 million available for subscription by the public. A minimum of 10 units and a maximum of 1,000 units can be applied for. The closing date for the offer is May 15, 2026 (early), while the deadline for the remaining balance will be May 26, 2026.
Applications can be made to any of the banks and financial institutions authorized by C-ASBA, as well as to MeroShare.
The issue has been rated with a BB- rating by Care Rating Nepal, which is a relatively risky rating for an investor. The Issue Manager of this IPO is Sanima Capital.
In conclusion, the Snow Rivers Limited IPO offers yet another investment avenue in Nepal’s capital markets; however, the risks must be evaluated before applications are made.
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