Snow Rivers Limited Concludes IPO Allotment for Project-Affected Locals of Taplejung and Panchthar on 7th Baisakh
Summary
Snow Rivers Limited concluded its IPO allotment for project-affected locals of Taplejung and Panchthar districts, allocating 9,37,500 shares worth Rs. 9.37 Crores. The company operates a 13.5 MW hydropower project commissioned in December 2024.
Key Points
- Snow Rivers Limited concluded IPO allotment on 7th Baishakh, 2083 for project-affected locals of Taplejung and Panchthar districts.
- The company issued a total capital of Rs. 93.75 Crores, with 20% shares available to the public and half of these allocated to locals.
- A total of 2,977 valid applications for 1,719,090 shares were received, with 70 applications disqualified.
- Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project commissioned in December 2024 in Taplejung district.
