Snow Rivers Limited to Open IPO for General Public from Tomorrow
Snow Rivers Limited is set to launch its IPO for the general public starting from Baisakh 29, offering 778,125 shares. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
Snow Rivers Limited is set to open its Initial Public Offering (IPO) for the general public starting tomorrow, Baisakh 29.
The company will issue a total of 778,125 ordinary shares to the public. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
According to the company, the deadline for IPO applications is Jestha 1. However, the issuance period may be extended if the offering is not fully subscribed within the given timeframe.
The issue manager for the IPO is Sanima Capital Limited. Investors can submit their applications through Mero Share and C-ASBA member banks and financial institutions.
The Securities Board of Nepal (SEBON) had granted approval to the company for the IPO issuance on Magh 18. Market analysts believe the public offering could attract significant investor interest in Nepal’s capital market.