Kathmandu. Today is the last day to apply for the IPO of Sanvi Energy. The company had issued the IPO for the local and foreign employment nepalis in the project-affected areas from April 1.
The company has got permission to issue an IPO worth Rs 379 million, which is 43.07 percent of the issued capital of Rs 880 million. Accordingly, the company has opened a total of 3.79 million units of IPO at a face value of Rs 100.
The company will sell 880,000 units of shares representing 10 percent of the issued capital to the locals of the project-affected areas. Ilam Municipality Ward No. 1of Ilam District in this IPO. Ward no. 10 (ward no. 1 to 9 of the erstwhile Godak VDC), ward no. 1 of Maijogmai rural municipality (ward no. 1 to 4 and 6 to 9 of the erstwhile Naya Bazar VDC) of Mai Gojamai rural municipality ward no. 10. Ward no. 3 and 4 (ward no. 1 to 9 of the erstwhile Namsaling VDC) and ward no. Suryodaya Municipality Ward No. 50. Ward No. 10 (ward no. 6 to 9 of the erstwhile Fikkal VDC) and Suryodaya Municipality Ward No. Residents of wards 2, 6 and 8 of panchakanya VDC can apply.
Similarly, Nepal can apply for 291,000 units of shares representing 33.07 per cent of the issued capital for the general public and 10 per cent of the 2,910,000 units.
Investors of both groups will have to apply for a minimum of 10 units of shares and a maximum of 20,000 units of shares. Locals can apply from the project site, all the banks and financial institutions that have received C-ASBA membership from the Securities Board of Nepal and their designated branch offices and nabil bank’s fickle branch offices.
Nepalis in foreign employment can apply through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal and their designated branch offices and ‘My Shares’ of CDSC. Nepal SBI Merchant Banking is the IPO sales manager of Sanvi Energy.
