Today, Chaitra 9, 2082 B.S., marks the launch of initial public offerings (IPOs) by two companies: Snow Rivers Limited and Sopan Pharmaceuticals Limited.
Snow Rivers Limited has issued an IPO targeting project-affected local residents as well as Nepali citizens working abroad. For local residents, a total of 937,500 shares have been allocated, including 468,750 shares for locals from Sirijunga–8 in Taplejung district and 468,750 shares for other affected areas. For Nepali workers abroad, 93,750 shares have been reserved. Applicants must apply for a minimum of 10 shares. Project-affected locals can apply for up to 10,000 shares, while foreign-based Nepalis can apply for a maximum of 1,000 shares.
Applications for foreign-based Nepalis can be submitted via the C-ASBA system. Local applicants can submit their applications at Sanima Capital in Naxal, Taplejung Sirijunga–8, Yampudin project site, Nepal Bank Sirijunga Branch, NMB Bank, Sanima Bank, and Global IME Bank Phungling Branch. For locals, the application period is Chaitra 23 to Baishakh 8, while foreign-based Nepalis can apply between Chaitra 12 and Chaitra 23. Sanima Capital has been appointed as the IPO issue manager.
Sopan Pharmaceuticals Limited has launched an IPO specifically for Nepali workers abroad who have obtained labor approval, issuing 429,000 shares in this phase. Applicants can request a minimum of 10 and a maximum of 11,000 shares. The final date to apply in this phase is Chaitra 12. In a subsequent phase, the company plans to issue 3,474,900 shares for the general public. NMB Capital has been appointed as the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
