Snow Rivers IPO Issue Opens For Locals And Migrant Workers
12th March 2026, Kathmandu
Snow Rivers Limited has officially announced the opening of its first-phase Initial Public Offering (IPO), targeting residents of project-affected areas in Taplejung and Panchthar, as well as Nepali citizens employed abroad.
Snow Rivers IPO Issue
Following approval from the Securities Board of Nepal (SEBON) on Magh 18, the company is set to raise capital through the issuance of 1,875,000 shares at a face value of 100 rupees per unit. This offering is a strategic initiative to foster community ownership in the hydropower sector, which serves as a cornerstone of Nepal’s infrastructure and long-term economic development.
IPO Allotment and Investor Eligibility
The IPO is structured to ensure that those most affected by the project’s footprint receive priority access, alongside the migrant worker demographic that continues to be a major contributor to Nepal’s capital market liquidity.
The total allocation is broken down as follows:
Project-Affected Locals (Taplejung/Panchthar): 937,500 shares.
Nepali Migrant Workers: 93,750 shares.
For the project-affected residents, the allocation is further segmented to ensure localized equity:
468,750 shares are reserved specifically for residents of Ward No. 8, Sirijanga Rural Municipality, Taplejung.
468,750 shares are reserved for a broader catchment area, including various wards in Sirijanga, Sidingwa, and Pathibhara Yangwarak Rural Municipalities in Taplejung, and Ward No. 1 of Hilihang Rural Municipality in Panchthar.
Application Guidelines and Deadlines
Prospective investors should take careful note of the timelines, as the closing dates for the two investor categories are distinct.
For Nepali Workers Abroad:
Opening Date: Chaitra 12, 2082
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Earliest Closing Date: Chaitra 12, 2082
Latest Closing Date: Chaitra 23, 2082
For Project-Affected Locals:
Opening Date: Chaitra 12, 2082
Earliest Closing Date: Chaitra 23, 2082
Latest Closing Date: Baisakh 8, 2082
Application limits are also tiered: locals can apply for between 10 and 10,000 shares, while migrant workers are limited to a range of 10 to 1,000 shares.
Submission Channels
Sanima Capital Limited serves as the Issue Manager for this IPO. To ensure a smooth application process:
For Locals: Physical forms are available at the project site office in Yamphudin, Taplejung, as well as designated branches of Nepal Bank, NMB Bank, Sanima Bank, and Global IME Bank in the Phungling area.
For Migrant Workers: Applications must be processed via the C-ASBA system through your authorized bank account and Mero Share portal. Ensure that your KYC is updated and your Demat account is linked to your bank account before the Chaitra 12 opening date.
Strategic Importance of Hydropower Investment
Hydropower remains one of the most reliable investment vehicles in the Nepali secondary market. By participating in this IPO, investors are not only looking for potential long-term dividends but are also supporting the generation of electricity that will power local industrial expansion and reduce the national trade deficit through import substitution.
Before applying, investors are advised to review the prospectus filed with SEBON, which contains detailed information on the company’s current financial health, its power purchase agreements (PPA) with the Nepal Electricity Authority (NEA), and the projected completion timeline for the specific energy infrastructure being funded by this share issuance.
For More: Snow Rivers IPO Issue
