The Initial Public Offering (IPO) of Snow Rivers Limited for project-affected locals is closing today, Chaitra 23. The IPO had opened earlier on Chaitra 9.

The company has received approval to issue 18,75,000 units worth Rs. 18.75 crores, which is 20% of its total issued capital of Rs. 93.75 crores. Out of this, 9,37,500 units worth Rs. 9.37 crores have been allocated specifically for local residents of project-affected areas.

Among the allocated shares, 4,68,750 units are reserved for residents of Ward No. 8 of Sirijanga Rural Municipality in Taplejung, considered the most affected area. Another 4,68,750 units will be distributed among residents of other affected regions including wards 1–7 of Sirijanga, wards 5 and 6 of Sidingwa, wards 5 and 6 of Pathibhara Yangwarak, and Ward No. 1 of Hilihang Rural Municipality in Panchthar.

Applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

The company is developing the 13.5 MW Super Kabeli ‘A’ Hydropower Project, with a total project cost of approximately Rs. 2.71 Arba and a per MW cost of Rs. 20.14 crores. The project has a remaining license period of 31 years and 2 months. The simple payback period is estimated at 8.17 years, while the discounted payback period is around 15.77 years.

Sanima Capital Limited is the issue and sales manager for the IPO.