Satluj Jal Vidyut Nigam (SJVN) IPO Issue Price - Indian IPO Blog

Sunday, May 9, 2010

Satluj Jal Vidyut Nigam (SJVN) IPO Issue Price

Satluj Jal Vidyut Nigam (SJVN) IPO Issue Price is fixed at Rs.26/- per equity share, which is at the upper end of the Price Band (The price band for the IPO was Rs.23/- to Rs.26/- per equity share). As declared earlier, Retail Investors would be entitled to a Discount of 5% on the Issue Price, i.e. Rs.1.30 per equity share. Consequently, Retail Investors will get the shares at Rs.24.70 per equity share

SJVN IPO, which had closed for subscription on Monday, May 03, 2010, was oversubscribed 6.64 times on an overall basis. The IPO was oversubscribed 9.03 times in the QIB Category, with more than 3 times subscriptions in each of the other two categories, i.e. in HNI and Retail Categories

Satluj Jal Vidyut Nigam Ltd. (formerly NJPC Ltd.) was incorporated on May 24, 1988 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

Check back Indian IPO Blog regularly for IPO Allotment Status Link, IPO Listing Details and more on SJVN IPO!

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