Snow Reverse Limited will issue the first phase of its IPO starting Chaitra 9, targeting project-affected locals and Nepalis working abroad.
The company has allocated 9,37,500 shares for project-affected local residents, with applicants allowed to apply for a minimum of 10 shares and a maximum of 10,000 shares. Locals can submit their applications as early as Chaitra 23, and if subscription targets are not met, the application window may extend up to Baishakh 8.
For Nepalis working abroad with labor permits, 93,750 shares have been set aside. Applicants in this category can apply for 10 to 1,000 shares, with the application process open until Chaitra 12. After this, the company plans to issue shares to the general public.
The IPO is managed by Sanima Capital Limited, and the Securities Board of Nepal (SEBON) granted permission on Magh 18. Following the approval, the company will issue a total of 18,75,000 shares worth Rs. 18.75 crore.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
