Wednesday, April 21, 2010

SJVN Limited IPO opening on Apr 29 to May 03

Satluj Jal Vidyut Nigam Ltd (SJVNL) is entering in the capital markets with an initial public offering, IPO of 41,08,81,400 Equity Shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 23/- at lower level and Rs 26/- at upper level for equity share of Rs 10/-.


Incorporated in 1988, Satluj Jal Vidyut Nigam Ltd (formerly Nathpa Jhakri Power Corporation Limited - NJPC) is a hydroelectric power generation company originally established as a joint venture of the Government of India ( GOI ) and the Government of Himachal Pradesh (GOHP) to plan, investigate, organize, execute, operate and maintain Hydro-electric power projects. The present authorized share capital of SJVN is Rs 7000 crores.


The issue opens on Apr 29, 2010, and closes for subscription on May 03, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


Links:


Satluj Jal Vidyut Nigam Ltd IPO
SJVN Limited IPO Allotmnet Status
SJVNL IPO Listing Info

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