Kathmandu. Sanvi Energy is going to open IPO sale from Baisakh 5. The company is going to issue IPO for locals and Nepalis working abroad in the project-affected areas.
The company has received permission to issue IPO worth 379 million rupees, which is 43.07 percent of the issued capital of 880 million rupees. According to which, the company will open IPO sale of a total of 379 thousand units at a face value of 100 rupees.
The company will open sale of 880 thousand units of shares, which is 10 percent of the issued capital, for locals in the project-affected areas. In this IPO, Ilam Municipality Ward No. 10 (ward numbers 1 to 9 of the former Godak VDC), Maijogmai Rural Municipality Ward No. 1 (ward numbers 1 to 4 and 6 to 9 of the former Naya Bazaar VDC), Mai Gojmai Rural Municipality Ward No. 3 and 4 (ward numbers 1 to 9 of the former Namsaling VDC and ward no. 5 of Naya Bazaar VDC), Suryodaya Municipality Ward No. 10 (ward numbers 6 to 9 of the former Fikkal VDC) and Suryodaya Municipality Ward No. 1 (Residents of wards 2, 6 and 8 of the former Panchakanya VDC can apply.
Similarly, out of the 291,000 units of the issued capital allocated to the general public, which is 33.07 percent, Nepalis in foreign employment can apply for 291,000 units, which is 10 percent.
Investors from both groups will have to apply for a minimum of 10 units in this IPO and a maximum of 20,000 units. Locals can apply from the project site, all banks and financial institutions that have obtained C-ASBA membership from the Nepal Securities Board and their designated branch offices, and the Fikkal branch office of Nabil Bank
Nepali nationals employed abroad can apply through all C-ASBA member banks and financial institutions approved by the Nepal Securities Board and their designated branch offices and CDSC’s ‘Mero Share’.
The issuance of IPOs issued for locals in the project-affected areas will close at the earliest on Baisakh 19 and at the latest on Jestha 3. Arrangements have been made for Nepalis employed abroad to apply for the ongoing IPO until April 19.
Nepal SBI Merchant Banking is the IPO sales manager for Sanvi Energy.
