Snow Rivers Limited has opened its IPO for the general public from May 12. The company is issuing 778,125 units of shares in the second phase of its phase offering at a face value of Rs 100 per share.
Earlier, the company had already distributed shares to project-affected locals, Nepali citizens working abroad, employees, and mutual funds. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares through Mero share and C-ASBA-approved banks and financial institutions.
ICRA Nepal has assigned the company a BB Plus issuer rating, indicating a moderate level of risk in meeting financial obligations. Snow Rivers Limited is currently developing the 13.5 MW Super Kabeli ‘A’ Hydropower Project.
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