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SJVN IPO is a book built issue of Rs 1,062.74 crores.
SJVN IPO bidding started from April 29, 2010 and ended on May 3, 2010. The shares got listed on BSE, NSE on May 20, 2010.
SJVN IPO price band is set at ₹23 to ₹26 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Idbi Capital Market Services Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the SJVN IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to SJVN IPO RHP for detailed information.
| IPO Date | April 29, 2010 to May 3, 2010 |
| Listing Date | May 20, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹23 to ₹26 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 415,000,000 shares (aggregating up to ₹1,062.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,108,814,000 |
| Share holding post issue | 4,108,814,000 |
SJVN IPO offers 415,000,000 shares. 246,990,000 (59.52%) to QIB, 41,165,000 (9.92%) to NII, 123,495,000 (29.76%) to RII, 3,350,000 (0.81%) to employees. 493,980 RIIs will receive minimum 250 shares and (sNII) and (bNII) will receive minimum 7,750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 246,990,000 (59.52%) | NA |
| NII (HNI) Shares Offered | 41,165,000 (9.92%) | |
| Retail Shares Offered | 123,495,000 (29.76%) | 493,980 |
| Employee Shares Offered | 3,350,000 (0.81%) | NA |
| Total Shares Offered | 415,000,000 (100%) |
Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹6,500 |
| Retail (Max) | 30 | 7500 | ₹195,000 |
| Lot Size Calculator | |||
Company's majority Promoter, the GoI (including through nominees) currently holds 75% of the paid-up share capital and will continue to hold majority of the post-Offer paid-up capital of the Company. The Governor of Himachal Pradesh (including through nominees) currently holds the remainder 25% of the paid-up share capital of the Company.
| Share Holding Pre Issue | 20% |
| Share Holding Post Issue | 20% |
Incorporated in 1988, Satluj Jal Vidyut Nigam Ltd (formerly Nathpa Jhakri Power Corporation Limited - NJPC) is a hydroelectric power generation company, originally established 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. The present authorized share capital of SJVN is Rs 7000 crores.
The Nathpa Jhakri Hydro – Electric Power Station– NJHPS ( 1500 MW ) was the first project undertaken by SJVN for execution. The 1500 MW NJHEP has been designed to generate 6612 MU of electrical energy in a 90% dependable year with 95 % machine availability. It is also providing 1500 MW of valuable peaking power to the Northern Grid. Out of the total energy generated at the bus bar, 12 percent is supplied free of cost to the home state i.e. Himachal Pradesh. From the remaining 88% energy generation, 25% is supplied to HP at bus bar rates. Balance power has been allocated to the beneficiary states / UTs of Northern Region by Ministry of Power, Government of India.
SJVN is currently constructing the 412 MW Rampur Hydro Electric Project in the state of Himachal Pradesh. SJVN is also implementing three hydro projects (252 MW Devsari, 60 MW Naitwar Mori and 51 MW Jakhol Sankri) in the state of Uttarakhand. Further, SJVN has also been allocated Luhri Hydro Electric Project (775 MW) and Dhaulasidh HEP (66 MW) in the state of Himachal Pradesh for preparation of Detailed Project Report and subsequent execution. Further, SJVN is entering into a Joint Venture for the implementation of 1500 MW Tipaimukh HE Project in Manipur with an equity participation to the extent of 26%.
| Particulars | For the year/period ended (Rs. in Million) | ||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 11,347.3 | 16,348.4 | 14,622.8 | 14,761.7 | 13,509.4 |
| Profit After Tax (PAT) | 6,186.2 | 7,594.4 | 7,169.4 | 6,499.8 | 5,854.3 |
| KPI | Values |
|---|---|
| RoNW | 12.5% |
The object of the issue is to achieve the benefits of listing on the Stock Exchanges and to carry out the transfer of 410,881,400 Equity Shares by the Selling Shareholder. Listing of the Equity Shares will create liquidity in the Equity Shares through the creation of a public market for the Equity Shares in India.
The SJVN IPO is subscribed 6.64 times on May 3, 2010 5:00:00 PM. The public issue subscribed 3.12 times in the retail category, 9.03 times in the QIB category, and 3.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 9.03 |
| NII | 3.39 |
| Retail | 3.12 |
| Employee | 0.25 |
| Total | 6.64 |
CARE has assigned an IPO Grade 4 to SJVN Ltd IPO. This means as per CARE company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for SJVN Ltd.
| Listing Date | May 20, 2010 |
| BSE Script Code | 533206 |
| NSE Symbol | SJVN |
| ISIN | INE002L01015 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹26.00 |
| ₹28.00 |
| ₹24.15 |
| ₹28.00 |
| ₹25.05 |
| NSE |
|---|
| ₹26.00 |
| ₹27.10 |
| ₹24.00 |
| ₹27.10 |
| ₹25.10 |
SJVN Ltd (Satluj Jal Vidyut Nigam Ltd)
SJVNL,
Himfed Building, New Shimla,
Himachal Pradesh, 171009
Phone: +91 177 267 0741/ 0064
Email: psr.murthy@sjvn.nic.in
Website: http://www.sjvn.nic.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sjvnl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SJVN IPO is a main-board IPO of 415,000,000 equity shares of the face value of ₹10 aggregating up to ₹1,062.74 Crores. The issue is priced at ₹23 to ₹26 per share. The minimum order quantity is 250 Shares.
The IPO opens on April 29, 2010, and closes on May 3, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The SJVN IPO opens on April 29, 2010 and closes on May 3, 2010.
SJVN IPO lot size is 250 Shares, and the minimum amount required is ₹6,500.
You can apply in SJVN IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SJVN IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the SJVN IPO allotment status.
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