In this content, we will give you information about the IPO allotment result of Snow Rivers Limited.
Company Overview
Snow Rivers Limited operates the 13.5 MW Super Kabeli Khola-A Hydropower Project in the Taplejung district of Koshi Province, Nepal. The run-of-the-river project has been fully commissioned and has been generating electricity since December 20, 2024. The company’s vision is to harness Nepal’s river potential to deliver clean, reliable, and affordable energy for the nation’s socioeconomic growth.
IPO Allotment Status of Snow rivers
Out of the company’s issued capital of Rs. 93.75 Crores, 20% (1,875,000 unit shares) has been allocated for public issuance. Here is the breakdown of the recent allotments:
1. Project-Affected Locals (Allotment Concluded)
- Allotment Date: 7th Baishakh, 2083
- Total Shares Allocated: 9,37,500 units (10% of issued capital)
- Eligible Regions: Taplejung and Panchthar Districts
- Allotment Summary:
- 10–170 Kitta: 543 applicants received the exact number of units they applied for (totaling 53,810 units).
- 180–10,000 Kitta: 2,434 applicants were allotted 170 units each. An additional 116 applicants in this category received an extra 10 units.
2. Nepalese Citizens Working Abroad (Allotment Concluded)
- Allotment Date: 19th Chaitra, 2082
- Total Shares Allocated: 93,750 units (10% of the general public quota)
- Allotment Summary: The issue received 82,085 valid applications. As per the allotment module, 9,375 lucky applicants were allotted 10 units each.
3. General Public (Allotment Pending)
- Issue Period: Baisakh 29, 2083 BS to Jestha 1, 2083 BS
- Total Shares Issued: 7,78,125 units (after reserving 46,875 shares for mutual funds and 18,750 for company employees)
- Status: The issue has successfully closed, and the allotment date will be announced shortly by the issue manager.
How to Check Your IPO Result Snow River
If you applied for the Snow Rivers Limited IPO, you can check your allotment status through any of the following official portals once the results are published:
- CDSC IPO Result Portal: iporesult.cdsc.com.np
- MeroShare Account: Log in to your MeroShare dashboard and check the “Application Report” section.
- Issue Manager’s Website: Sanima Capital Limited’s official result checking portal.
To check your result, simply select “Snow Rivers Limited” from the dropdown menu and enter your 16-digit BOID number.
Issue Manager & Credit Rating
- Issue Manager: Sanima Capital Limited
- Credit Rating: ICRA Nepal has upgraded the issuer rating of Snow Rivers Limited to [ICRANP-IR] BB+ (Double B Plus). This type of company has a moderate risk of default regarding the timely servicing of financial obligations.
For a deeper dive into the company’s financial status and business model, you can watch this Snow Rivers Ltd Detailed IPO Review to help you understand the fundamentals behind the share issue.
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