Sanvi Energy Limited Opens IPO for General Public from Today

Sanvi Energy Limited has opened its Initial Public Offering (IPO) for the general public starting today (Thursday). The company is issuing 2,415,300 units of shares at a face value of NPR 100 per share, amounting to a total worth of NPR 241.53 million.

Earlier, the company had already allocated shares to project-affected locals and Nepali citizens working abroad who had received labor approval from the government. The remaining shares under the second phase are now available for the general public and will remain open for subscription until Jestha 13 (May 26). If the issue is not fully subscribed by then, it will be extended up to Jestha 23 (June 5).

According to the issue manager, Nepal SBI Merchant Banking Limited, investors can apply for the IPO through any ASBA-approved bank or financial institution and their designated branches. Additionally, applications can also be submitted conveniently through the Mero Share online platform.

Previously, Sanvi Energy had already issued:

• 880,000 shares to project-affected local residents,

• 291,000 shares to Nepalis employed overseas,

• 145,500 shares to mutual funds, and

• 58,200 shares to company employees.

Market analysts view this IPO as a favorable opportunity for general investors to participate in the hydropower sector, which continues to grow steadily in Nepal.