Sanvi Energy Issuing First Phase of IPO from Today
April 18, 2025 | Investopaper
Sanvi Energy Limited is currently issuing the shares to the public (IPO). In the first phase of the IPO, the company is selling 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 is floating 8,80,000 shares to the locals of the project affected areas of the Illam district. If fully subscribed, the IPO to locals will close on Baisakh 19, 2082 BS. However, if it remains under-subscribed until that period, the deadline for application will extend until Jestha 3, 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 is issuing 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 will close 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 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) has 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.
The company has appointed Nepal SBI Merchant Banking Limited as issue and sales manager. The agreement for public offering has already been signed between the company and Nepal SBI Merchant Banking in this regard.
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.
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