Kathmandu. Snow Rivers Limited will issue an initial public offering (IPO) to the general public from May 14. In the second phase, the company will issue 7,78,125 units of ordinary shares at a face value of Rs 100 per share.
Prior to this, the company has allocated its shares to project-affected locals, Nepalis in foreign employment, employees and mutual funds.
Investors can apply for a minimum of 10 units and a maximum of 1,000 units. Applications can be made by May 15 at the earliest and till May 26. ICRA Nepal has assigned a rating of ‘Double B Plus’ to the company, indicating moderate risk. Sanima Capital Limited has been appointed as the issue manager for the IPO issuance.
प्रतिक्रिया दिनुहोस्
