Snow Rivers Limited is set to open its Initial Public Offering (IPO) to the general public from Baisakh 29, 2083.

The company will issue 778,125 units of shares at a face value of Rs. 100 per unit. The early closing date for the issue is Jestha 1, with a provision to extend the deadline until Jestha 12 if the issue remains undersubscribed.

The company has an issued capital of Rs. 93.75 crores, of which 20% (1,875,000 shares) is allocated to the public. Out of this, 937,500 shares have already been allotted to project-affected locals of Taplejung and Panchthar districts.

From the remaining shares, 10% (93,750 units) were reserved for Nepali citizens working abroad, 2% (18,750 units) for employees, and 5% (46,875 units) for mutual funds. The remaining 778,125 units are now open for the general public.

The issue manager for the IPO is Sanima Capital Limited. Investors can apply for a minimum of 10 units and a maximum of 1,000 units.

The issuer has received a rating of ‘ICRANP-IR BB+’ from ICRA Nepal, indicating a moderate risk in meeting financial obligations.

Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in Taplejung, which commenced operations in December 2024 under a run-of-the-river model.