KATHMANDU, Feb 2: Snow Rivers Limited has received approval to issue an Initial Public Offering (IPO). The approval was granted by the Securities Board of Nepal.
The company will issue 1.875 million shares at a face value of Rs 100 per share, amounting to a total of Rs 187.5 million. Sanima Capital has been appointed as the issue and sales manager for the IPO.
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Snow Rivers Limited has developed the Super Kabeli Khola ‘A’ Hydropower Project in Sirijangha Rural Municipality–7 and 8 of Taplejung.
The project, with a capacity of 13.5 megawatts, has been in commercial operation since December.
