IPO Allotment of Sanvi Energy Limited Concluded [IPO Result !!!]
June 10, 2025 | Investopaper
IPO Allotment Of Sanvi Energy Limited
Nepal SBI Merchant Banking Limited, the issue manager for the initial public offering (IPO) of Sanvi Energy Limited, has concluded the IPO allotment process on Monday.
After the allotment, 241,530 applicants have received 10 shares each through lottery.
A total of 2,026,483 valid applicants had subscribed for the shares. With the allotment, more than 17.85 lakh applicants were left empty-handed.
To view the IPO result of Sanvi Energy Limited, click the link below:
IPO Result Of Sanvi Energy Limited
Second Phase: IPO To General Public
After the first phase, Sanvi Energy Limited had issued the shares to the general public in the second phase of an initial public offering (IPO) from Jestha 9, 2082 BS.
The company had sold 24,15,300 shares at Rs. 100 per share to the general public.
Due to over-subscription of shares, the second phase of the IPO was closed on Jestha 13, 2082 BS.
Interested investors could apply for a minimum of 10 shares and a maximum of 20,000 shares.
The company has allotted 1,45,500 shares to the mutual fund schemes and has reserved 58,200 shares to the employees.
First Phase: IPO To Locals and Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Baisakh 5, 2082 BS.
The hydropower company had floated 8,80,000 shares to the locals of the project affected areas of the Illam district. Due to full-subscription, the IPO to locals was closed on Baisakh 19, 2082 BS.
Interested eligible locals of Illam district could subscribe for a minimum of 10 shares and a maximum of 20,000 shares.
Similarly, the company had issued 2,91,000 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Baisakh 5, 2082 BS. The IPO to foreign employed Nepalis was also closed on Baisakh 19, 2082 BS.
Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 20,000 shares.
In total (including the first and second phase), the hydropower company will issue 37,90,000 unit shares to the general public. At a par value of Rs 100, the public issue amounts to Rs 37.90 crores.
For this purpose, Securities Board of Nepal (SEBON) had given permission to the company on Chaitra 11, 2081 BS. The company had submitted the application to board on Bhadra 27, 2080 BS seeking approval to float the shares. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
Nepal SBI Merchant Banking Limited is issue and sales manager for the public offering.
After the IPO (if fully subscribed), the general public will possess 43.07 percent ownership in the company while the promoter will hold the remaining 56.93 percent shares.
About Sanvi Energy Limited
Sanvi Energy Limited was incorporated in 2011 as a private limited company. Later, it was transformed to a public company on July 09, 2020 in order to issue shares to the general public.
Presently, SEL manages two hydropower projects- a 7.6 MW run-of-the-river Jogmai Khola Small Hydroelectric Project located in Ilam District, and a 5.2 MW Jogmai Cascade Hydroelectric Project.
Recommended:
