Sanvi Energy Limited is set to launch IPO for the general public from today
Investors can apply for a minimum of 10 units and up to 20,000 units.
Sanvi Energy Limited is set to launch its Initial Public Offering (IPO) for the general public from today. The company will issue 24,15,300 units of ordinary shares at a face value of NRs. 100 each to the general public.
The IPO application period will close on Jestha 13, 2082 BS. If the issue is not fully subscribed by then, the deadline will be extended until Jestha 23, 2082 BS.
Investors can apply for a minimum of 10 units and up to 20,000 units. Applications can be submitted through C-ASBA member banks and financial institutions or via the Mero Share platform.
Nepal SBI Merchant Banking Limited is the issue manager for this IPO.
CARE Ratings Nepal has assigned a CARE-NP BB+ issuer rating to Sanvi Energy, indicating a moderate risk in the company’s ability to meet its financial obligations on time.
Sanvi Energy was established in 2011 and converted into a public limited company in July 2020. It is promoted by professionals with experience in the hydropower sector and currently operates two hydropower projects under the BOOT (Build, Own, Operate, Transfer) model.