Sanvi Energy’s IPO Closes Today: Over 15 Lakh Applications Already Received

Today, Tuesday (Jestha 13), is the last day to apply for the IPO of Sanvi Energy Limited.
The company opened the issue on Jestha 9, offering 24,15,300 shares at Rs. 100 each to the general public. As of 10:07 AM on Jestha 12, over 1.88 crore units, according to CDSC.

Earlier, Sanvi Energy had already allotted 8,80,000 shares to locals affected by the project and 2,91,000 shares to Nepalis working abroad. Investors can apply for a minimum of 10 and a maximum of 20,000 units via C-ASBA banks or Meroshare.

CARE Ratings Nepal has given the company a CARE-NP BB+ (Issuer Rating), indicating a moderate risk in meeting financial obligations. The rating is valid until Falgun 15, 2082