SJVN IPO | SJVN IPO Subscription | SJVN IPO Allotment Status

SJVN IPO | SJVN IPO Subscription | SJVN IPO Allotment Status

The IPO of Satluj Jal Vidyut Nigam (SJVN) opens for subscription today. The government is offering 41.5 crore equity shares through the SJVN issue, which will close on May 3. Retail investors will get shares at a 5% discount to the offer price of Rs 23-26 per share.

Post issue, the government’s holding in the hydropower generator will reduce to 64.47% from 74.5%. The purpose of the offer is to achieve the benefits of listing. The company will not receive any proceeds from the offer.

* Issue Size: 415,000,000 Equity Shares of Rs.10/- each
* Issue Opens on: Thursday, April 29, 2010
* Issue Closes on: Monday, May 03, 2010
* Price Band: Rs.23/- to Rs.26/- per equity share
* Bid Lot: 250 Equity Shares and in multiples thereof
* Listing on: BSE
* Lead Managers: IDBI Capital Market Services Ltd., IDFC-SSKI Pvt. Ltd., JM Financial Consultants Pvt. Ltd., SBI Capital Markets Ltd.
* Registrar: Link Intime India Pvt. Ltd.

For Full Details please visit at http://www.linkintime.co.in/site/ipo.asp for SJVN Limited IPO Opening on 29 April 2010

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