Sanvi Energy Limited has launched its IPO for locals impacted by the project in Ilam District and Nepalese nationals employed overseas from the 5th Baishakh to the 19th Baishakh, 2082. Please note that for the residents of Ilam District, if the subscription does not reach capacity by the early closure date, the offer may be extended until Jestha 02. However, this extension will not be available for Nepalese nationals working abroad.
The company’s issued capital stands at Rs. 88 Crore, from which 10%, equating to 8,80,000 unit shares valued at Rs. 8.80 Crores, will be designated to project-affected locals of Ilam District.
Simultaneously, 33.07% of the company’s issued capital, amounting to 29,10,000 unit shares, will later be available for the general public. From this public offering, 10% of the shares, comprising 2,91,000 shares, have been reserved for Nepalese nationals employed overseas, with the issue commencing today.
For project-affected locals, the minimum application quantity is set at 10 units, while the maximum is capped at 20,000 units. For Nepalese nationals working overseas, the minimum application quantity is also 10 units, with a maximum of 20,000 units.
Nepal SBI Merchant Banking Limited has been designated as the issue manager.
