The allotment of Snow Reverse Limited’s IPO, issued for Nepalis abroad, was completed today by the issue and sales manager, Sanima Capital. The company had issued a total of 93,750 shares between Chaitra 9 and Chaitra 12.
A total of 82,160 applications were received for the IPO, of which 82,085 were deemed eligible. Due to the oversubscription, the shares were allotted through a lottery system. Under this process, 9,375 applicants received 10 shares each, while the remaining applicants did not receive any shares.
The Nepal Securities Board had granted the company permission to issue the IPO on Magh 18.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
