Snow Rivers Limited IPO Allotment Concludes: Lucky 77,812 Applicants Allotted 10 Units Each via Lottery System
Summary
Snow Rivers Limited completed its IPO allotment, issuing 7,78,125 units to 77,812 applicants through a lottery system. The company's 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung was commissioned in 2024.
Key Points
- Snow Rivers Limited concluded its IPO allotment with 77,812 applicants each allotted 10 units plus 5 applicants receiving one extra unit.
- The company issued 7,78,125 units with a total issued capital of Rs. 1.20 arba, 35.26% of which will be public shares.
- The IPO issue included allocations for project-affected locals, Nepalese working abroad, company employees, and mutual funds.
- Snow Rivers Limited operates a 13.5 MW run-of-the-river hydropower project commissioned in December 2024 in Taplejung district.
