The Initial Public Offering (IPO) allotment process for Snow Rivers Limited officially concluded on May 26, 2026. Held at the central premises of the designated issue manager, Sanima Capital Limited in Naxal, Kathmandu, the share distribution was finalized via a computerized lottery system due to massive oversubscription from the general public.
This public offering represents a major step for the company as it transitions its structural profile from a private developer into a publicly traded power producer.
The Allotment Statistics: High Demand, Low Supply
The enthusiasm surrounding primary market issues in Nepal remains heavily concentrated, creating an environment where oversubscription is the standard. The final numbers released by the issue manager highlight the competitive landscape:
Total Offered Units: The company put forward a total of 778,125 units of common stock at a face value of Rs. 100 per share for the general public.
Total Allottees: A total of 77,812 lucky applicants were selected through the lottery.
Share Distribution: Each successful applicant received exactly 10 units.
The Odd Unit: Following the standard proportional distribution guidelines, the remaining single unit was allocated to one additional lucky applicant, making the final tally 77,812 allottees with 10 units, plus one investor receiving 11 units.
The Rejection Rate: Because more than 2.2 million valid investors applied for the issue, over 2.1 million individual applicants were left unallotted.
Understanding the Business Profile of Snow Rivers Limited
Unlike many hydropower companies that raise capital before construction, Snow Rivers Limited enters the market with an active, functional asset.
The company operates the 13.5 MW Super Kabeli Khola-A Hydropower Project, located in the Taplejung district of eastern Nepal. The run-of-the-river project achieved commercial operation status in late 2024, meaning the company is already generating commercial revenue from selling electricity to the national grid. This mature asset profile helped the company secure an upgraded issuer credit rating of [ICRANP-IR] BB+ from ICRA Nepal, indicating a moderate risk profile.
Next Steps for Applicants
Investors who participated in this public offering can verify their allotment status through standard regulatory and market channels:
CDSC IPO Portal: The centralized tracking system allows investors to enter their 16-digit BOID number to see their results instantly.
MeroShare Profile: Successful shares will appear under the “Application Report” tab or directly within the user’s Demat holding balance before trading.
Sanima Capital Website: The official website of the issue manager will host the complete allotment module.
For the millions of applicants who did not receive shares, the funds frozen under the ASBA system will automatically unfreeze via their respective banks within one to two business days. Successful allottees will hold their shares until the company completes its full listing on the Nepal Stock Exchange (NEPSE) for secondary market trading.
Snow Rivers Limited IPO Allotment Result
