Kathmandu, May 12: The IPO of Snow Rivers Limited has commenced today, May 12, 2026.
Prior to that, the company had already allotted shares to the locals of the effected zones as well as the Nepalese nationals working abroad.
A total of 20 percent share of the total issued capital, valued at Rs 937.5 million, has been issued by the company. Through this IPO, 18,75,000 unit shares worth Rs 187.5 million have been offered.
From the total number of shares, 9,37,500 shares had already been allotted to locals from the affected areas. In the same way, 93,750 shares were set aside for Nepali laborers working overseas.
Additionally, 46,875 shares have been allotted to mutual funds and 18,750 shares to the company’s employees.
In this regard, 7,78,125 shares have now been allotted to the general public at a value of Rs 77.8 million.
Minimum subscription is of 10 units and maximum is 1,000 units. If the offering is fully subscribed in advance, then the offering period ends on May 15. However, if not, then the period will end on May 26.
The Care Rating Nepal has given the rating of BB- to this company.
The Sanima Capital Company acts as an issue manager for the IPO of Snow Rivers Limited. The applicants can subscribe via any C-ASBA-approved bank and financial institution or through the MeroShare App.
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