IPO Proposal of Snow Rivers Limited Approved By SEBON
Summary
SEBON has approved Snow Rivers Limited's IPO proposal to issue 18.75 lakh shares at Rs. 100 each. The company operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung, Nepal.
Key Points
- SEBON approved the IPO proposal of Snow Rivers Limited to issue 18.75 lakh shares to the public.
- The shares are offered at a par value of Rs. 100 per unit.
- Sanima Capital Limited is appointed as the issue manager for the IPO.
- ICRA Nepal upgraded Snow Rivers Limited's issuer rating from BB- to BB+.
- Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung, Province 1, Nepal.
