Snow Rivers Limited IPO Alert: Invest in the 13.5 MW Super Kabeli Khola-A Project!
After the successful first phase for locals and foreign-employed Nepalis, Snow Rivers Limited is opening its Initial Public Offering (IPO) to the general public starting today, May 12, 2026 (Baisakh 29, 2083 BS).
If you are looking for a fresh investment opportunity in the hydropower sector, here is everything you need to know about this issue.
1. Key IPO Details
| Feature | Details |
|---|---|
| Issue Open Date | May 12, 2026 (Baisakh 29, 2083 BS) |
| Early Closing Date | May 15, 2026 (Jestha 1, 2083 BS) |
| Extended Closing Date | May 26, 2026 (Jestha 12, 2083 BS) |
| Units for Public | 778,125 Units |
| Price per Share | Rs. 100 |
| Min/Max Application | 10 Units / 1,000 Units |
| Issue Manager | Sanima Capital Limited |
2. About Snow Rivers Limited
Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project, located in the Taplejung district. The project is already operational, having started commercial electricity generation on December 20, 2024. This means the company is already generating revenue, which is a positive sign for potential investors.
- Total Project Cost: Approx. Rs. 2.72 Billion
- Cost per MW: Approx. Rs. 201 Million
- Credit Rating: ICRA Nepal has assigned a BB+ rating, indicating a moderate risk profile.
3. Share Allocation Summary
The total public issuance consists of 1,875,000 units (20% of issued capital). The breakdown is as follows:
- Locals (Project Affected): 937,500 Units (Already issued)
- Foreign Employed Nepalis: 93,750 Units (Already issued)
- Mutual Funds: 46,875 Units
- Employees: 18,750 Units
- General Public: 778,125 Units (Current Issue)
4. How to Apply?
You can apply easily through the following methods:
- MeroShare Portal: Visit meroshare.cdsc.com.np or use the MeroShare App.
- C-ASBA: Apply through any SEBON-approved bank or financial institution where you hold your bank account.
Final Verdict: Should You Apply?
Since the project is already in its commercial production phase, the operational risk is lower compared to under-construction projects. Given the high demand for IPOs in Nepal, this issue is expected to be oversubscribed. Applying for 10 units is generally recommended for the highest chance of allotment via lottery.
Disclaimer: Investing in the stock market involves risks. Please read the company’s prospectus and financial reports carefully before making an investment decision.
Stay tuned for the IPO Result announcement dates!
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