IPO Alert: Snow Rivers Limited to Open for Public on Baisakh 29!

Snow Rivers Limited is set to launch its Initial Public Offering (IPO) for the general public starting May 12, 2026 (Baisakh 29). This follows the successful allotment of shares previously issued to local residents and Nepalese citizens employed abroad. Out of the total 1.87 million shares approved for issuance, the company is now offering 778,125 shares to the general public at a face value of Rs 100 per share. Interested investors can apply for a minimum of 10 kitta and a maximum of 1,000 kitta. The subscription window is scheduled to close on June 14 (Jestha 1) at the earliest, with a possible extension to June 25 (Jestha 12). ICRA Nepal has assigned a rating of ICRANP-IR BB+ to the company, indicating a moderate risk regarding its financial obligations. The company is currently operating the 13.5 MW Super Kabeli Khola-A Hydropower Project with a total investment of Rs 2.71 billion. Sanima Capital Limited has been appointed as the issue and sales manager.