Kathmandu. Snow Rivers Limited is going to issue IPO and sell from April 29, . The company has issued an IPO for locals andforeign employed Nepalese in the project-affected areas } after the IPO allotment and is now going to issue the IPO for the general public ।

The company was allowed to issue 18,75,000 units of shares worth Rs 18.75 crore, i. e. 20% of the issued capital of Rs 93 .75 crore. Out of which, 9,37,500 units of Ordinary Shares have been allotted to the locals of the project affected area and 93,750 units of ordinary shares have been allotted to the locals and 93,750 units of ordinary shares have been allotted to the Nepalese working abroad by obtaining labour approval TAG_CLOSE_ from the concerned body of the Government of Nepal. span_37} and have already been allocated. Similarly, the company has already allotted 46,875 units of shares to the mutual funds and 18,750 units of shares to the employees of and .

In the second phase, the company is going to issue 7,78, 125 units of shares worth Rs 7,78,12,500 ( at a price of Rs 100 per } for the general public ।

Applications can be place for minimum 10 units and maximum 1000 units. The closing of will be on May 12 and the latest.

ICRA Nepal has assigned a rating of to the IPO {{} for the IPO {{} and Double B Plus for the IPO Issuer Rating.This indicates that there is a moderate risk to the company’s ability to meet its obligations .

The total cost of the Super Kabeli Khola A Hydropower Project is Rs 2.71 billion and the cost per MW is Rs 201.41 million.The license of the project is 31 years and two months remaining. The general investment return period of the project is 8.17 years and the redemption period is in discount 15.77 years.

Sanima Capital Limited has been appointed as the issue manager for the IPO issuance and and the issue manager for the IPO issuance. The interested investors can apply for the ASBA ASBA service with permission from the Securities Board of Nepal (SEBON) and Banks and Financial Institutions and their designated branches, C .