Snow Rivers IPO Allotment Completed as Over 2.5 Million Applications Flood the Issue

Snow Rivers Limited has officially completed the allotment process for its much-awaited Initial Public Offering (IPO), with thousands of applicants finally receiving shares through a lottery system.

The hydropower company had opened its IPO issue for the general public from 29th Baishakh 2083 to 1st Jestha 2083, attracting massive interest from investors across Nepal.

Only 77,812 Applicants Receive Shares

According to the allotment results, only 77,812 applicants received 10 units each through the computerized lottery system due to overwhelming demand.

Additionally, 5 lucky applicants received one extra share each, taking their total allotment to 11 units.

The IPO witnessed extremely high public participation, with a total of 25,57,855 valid applications submitted for approximately 2,74,57,600 units.

Because the demand far exceeded the available shares, the allotment had to be conducted through a random lottery process.

IPO Structure and Share Distribution

The total issued capital of Snow Rivers Limited stands at approximately Rs. 1.20 Arba.

Out of the total capital, 35.26% equivalent to 42,30,668 unit shares has been allocated for public issuance.

The company had earlier reserved:

• 12,00,000 units for project-affected locals of Bhojpur district
• 3,03,067 units for Nepali citizens working abroad
• 18,750 units for company employees
• 46,875 units for mutual funds

The remaining 7,78,125 units were made available to the general public, for which the allotment process has now concluded.

Where to Check Snow Rivers IPO Result

Investors can check the IPO allotment result through:

• MeroShare
• CDSC IPO Result Portal
• Sanima Capital Limited official platform

Applicants are advised to verify their allotment status using their application details online.

Credit Rating Upgraded Before IPO

Ahead of the public offering, ICRA Nepal upgraded the issuer rating of Snow Rivers Limited from BB- to BB+.

The upgraded rating indicates a moderate level of default risk regarding timely financial obligations and reflects improved confidence in the company’s financial position and operational performance.

About Snow Rivers Limited

Snow Rivers Limited was incorporated in August 2014 and later converted into a public limited company in June 2022.

The company currently operates the 13.5 MW Super Kabeli Khola-A Hydropower Project located in Taplejung district of Koshi Province.

The project is a Run-of-the-River (RoR) hydropower scheme designed at a 42.32% probability of exceedance and officially began commercial operation on December 20, 2024.

The total project cost is estimated at around NPR 2.72 billion, which translates to roughly NPR 201 million per megawatt.

Growing Investor Interest in Hydropower Sector

The massive response to the Snow Rivers IPO once again highlights growing investor interest in Nepal’s hydropower sector.

Hydropower companies continue to attract strong participation from retail investors due to Nepal’s expanding energy production capacity and long-term infrastructure growth potential.

The successful completion of the Snow Rivers IPO allotment marks another major development in Nepal’s capital market and hydropower industry. While only a limited number of investors secured shares due to heavy oversubscription, the strong demand reflects increasing public confidence in Nepal’s energy and infrastructure sector investments.