Sanvi Energy’s IPO Allotment Completed

The Initial Public Offering (IPO) of Sanvi Energy has been distributed.

Nepal SBI Merchant Banking, the issue manager, conducted the IPO allotment through a formal event. A total of 241,530 applicants received 10 shares each.

In total, 2,030,157 people had applied for the IPO properly. Among them, 1,788,627 applicants did not receive any shares.

The IPO result can be checked online through the CDSC’s MeroShare system.

Sanvi Energy had issued 2,415,300 shares to the public. The shares were distributed by giving 10 shares per applicant through a lottery system.

The company is currently operating a 7.6-megawatt hydropower project on the Jogmai River in Suryodaya Municipality, Ilam. The total cost of this project is Rs. 1.57 billion, with a cost of Rs. 206.9 million per megawatt.

Sanvi Energy is also building another project — the 5.2-megawatt Jogmai Cascade Hydropower Project — which is under construction. The cost per megawatt for this project is Rs. 194 million.

The company has received a BB+ credit rating from CARE Ratings, which indicates a moderate level of risk.

As of the end of last Poush (mid-January), the company’s net worth per share was Rs. 124, earnings per share was Rs. 3.81, and it had an accumulated loss of Rs. 120 million.