Snow Rivers Limited Issuing IPO Shares to Locals of Taplejung And Panchthar District And Nepalese Employed Abroad From Chaitra 09
Summary
Snow Rivers Limited is issuing IPO shares to project-affected locals in Taplejung and Panchthar districts and Nepalese citizens working abroad, with Sanima Capital Limited as the issue manager. The company operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Province 1, Nepal.
Key Points
- Snow Rivers Limited is issuing an IPO targeting project-affected locals of Taplejung and Panchthar districts and Nepalese abroad.
- The issue for locals runs from 9th to 23rd Chaitra 2082, possibly extended till Baishakh 08, 2083, while the issue for Nepalese abroad is from 9th to 12th Chaitra 2082, possibly extended to 23rd Chaitra.
- The company’s issued capital is Rs. 93.75 Crores, with 20% or 18.75 lakh shares allocated to the public, split equally between locals and general public, including Nepalese abroad.
- Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung, Province 1, Nepal, commissioned in December 2024 with a total project cost of NPR 2,719 million.
