Kathmandu. Snow Rivers Company is going to issue ordinary shares (IPO) to the public.

The company has issued the shares to the general public after issuing shares to the locals and Nepalis working abroad in the project-affected areas.

The company has been permitted 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.

The company has already issued 9,37,500 units of Initial Public Offering (IPO) to the locals of the project affected areas and 93,750 units to the Nepalese working abroad.

The company has issued 46,875 units of shares for mutual funds and 18,750 units for employees.

The company is going to issue 7,78,125 units of shares worth Rs 7,78,12,500. The IPO, which will be issued from May 14, can be applied for on May 14.

The applicant can apply for the IPO from a minimum of 10 units to a maximum of 1,000 units. Sanima Capital has been appointed as the issue manager for the IPO issuance. Investors can apply for the shares from the Securities Board of Nepal (SEBON) through banks and financial institutions that are members of the Securities and Exchange Board of Nepal (SEBON).