Kathmandu: Sanvi Energy Limited has officially opened its Initial Public Offering (IPO) to the general public starting Friday, Jestha 09. The company had previously issued shares to project-affected locals and Nepali citizens working abroad, and this latest phase allows the wider public to invest in the growing energy company.
The company is issuing a total of 24,15,300 units of ordinary shares at a face value of Rs. 100 per share, aiming to raise Rs. 24,15,30,000 in capital. Investors are allowed to apply for a minimum of 10 shares and up to a maximum of 20,000 shares.
The IPO will close as early as Monday, Jestha 13 if fully subscribed. If not, the deadline will extend until Thursday, Jestha 23.
Interested applicants can submit their forms through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON), including their branch offices. Applications can also be submitted online through the CDSC’s “Mero Share” portal.
Nepal SBI Merchant Banking Limited is managing the IPO issuance. This offering presents a promising opportunity for those looking to invest in Nepal’s expanding energy sector. Interested investors are encouraged to apply within the given timeframe to secure their share in the company’s future growth.