Kathmandu-Snow Rivers Limited  is issuing an initial public offering (IPO) to the general public from May  12. 

The company is issuing 1,875,000 shares, equal to 20 percent of its Rs 937.5 million issued capital. In the first phase, shares were allotted to project-affected locals, Nepalis working abroad, mutual funds, and employees.

In the second phase, 778,125 shares have been reserved for the general public. Earlier, 937,500 shares were distributed to locals, 93,750 to Nepalis abroad, 46,875 to collective investment funds, and 18,750 to employees.

Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares. The issue will close on Jestha 1 at the earliest and Jestha 12 at the latest.

ICRA Nepal has assigned an issuer rating of Double B Plus, indicating a moderate risk in meeting financial obligations.

The company operates the 13.5 MW Super Kabeli Khola A Hydropower Project. The total project cost stands at Rs 2.719 billion, with a per megawatt cost of Rs 201.414 million. The simple payback period is estimated at 8.17 years, while the discounted payback period is 15.77 years.

Sanima Capital Limited is the issue manager. Investors can apply through ASBA-approved banks and financial institutions or via Mero Share using the C-ASBA system.