Snow Rivers has received approval from the Securities and Exchange Board for the IPO issue
-
Media Baaji
- Mon, 2 February 2026
Kathmandu. Snow Rivers Limited has received permission from Nepal Securities Board for IPO issue. The board has given permission to the company for the IPO issue on Sunday, January 18th. With the permission of the board, Snow Rivers will now issue ordinary shares worth Rs. 18 crore 75 lakhs to the general public. The company will issue 18 lakh 75 thousand shares of Rs 100 face value.
According to the prevailing rules, the company will allocate shares for project-affected local residents and Nepalese working abroad in the first phase. The application will be open to the general public only after allotment of shares to these two groups. Sanima Capital Limited is the issuing and selling manager of this IPO.
Express
Related News
Gas import from India increased, sales will be normal within the week
Kathmandu. The sales and distribution of LP gas for cooking, which has been seen in various parts of the country including Kathmandu Valley, has gradually started to ease. Nepal Oil Corporation has stated that the shortage of gas is decreasing due...
What is the foreign currency exchange rate for Monday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Monday. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 76 paisa and the selling rate is 145 rupees 36 paisa.
Simila...
166 entities allowed to mine 16 types of minerals
Kathmandu. The Department of Mines and Geology has granted permission for the mining of 16 different types of minerals. According to the department, permission was given with the aim of supporting industrial production and economic growth by devel...
NMB Bank launches online loan tracking facility, customers can track their applications
Kathmandu. NMB Bank has launched an important digital facility for its customers. The bank has now provided the customer with the facility to track personal and small and medium loan application information in real time. The bank claims that with...
Damage worth 1 billion in the metropolis alone during the Genji movement
Biratnagar. During the Genji movement, Biratnagar Metropolitan City's physical structure and other goods were damaged to the tune of nearly 1 billion rupees. According to Mayor Nagesh Koirala, there has been damage to...
Salt Trading Corporation to distribute 10 percent dividend
Kathmandu. Salt Trading Corporation is going to distribute 10 percent dividend. The company has announced that it will distribute the dividend to its shareholders from the profit of the last financial year. In which the company is going to distrib...