Snow Rivers Allots IPO

May 26, 2026 12:27 PM Merolagani



Snow Rivers has allotted recently issued initial public offering on Tuesday, May 26 in the premises of Sanima Capital, the issue manager of the company.

The company had issued 778,125 units of shares worth Rs 77.8 million to the general investors from May 12 to May 15.

Given that the issue was oversubscribed, the IPO has been allotted through a lottery process. Accordingly, 77,812 people have been allotted 10 units of shares of the company. The remaining 5 units have been allotted among the investors who have applied for more than 10 units making their share count 11.




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