Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Snow Rivers Company. Applications can be made for the company’s IPO till office hours today.

The company issued 20 percent shares of Rs 93.75 crore. This means that the company was allowed to issue 18,75,000 units of shares worth Rs 18.75 crore. Out of this, 9,37,500 units of ordinary shares have already been issued to the locals of the project-affected area.

Similarly, the company has already issued 93,750 units of Initial Public Shares (IPO) to Nepalese employed abroad after obtaining labour permit from the concerned body of the government. The company has issued 46,875 units of shares to mutual funds and 18,750 units to employees.

The general public can

apply for 7,78,125 units of shares at a face value of Rs 100 per share.

Applications can be place for minimum 10 units and maximum 1000 units.

Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. The interested investors can apply for the ASBA service from the banks and financial institutions participating in the ASBA service through the ASBA system.