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SJVN Ltd (Satluj Jal Vidyut Nigam Ltd) IPO (SJVN IPO) Detail

April 29, 2010 - May 3, 2010

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.

SJVN IPO Details

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 Size415,000,000 shares
(aggregating up to ₹1,062.74 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

SJVN IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered246,990,000 (59.52%)NA
NII (HNI) Shares Offered41,165,000 (9.92%)
Retail Shares Offered123,495,000 (29.76%)493,980
Employee Shares Offered3,350,000 (0.81%)NA
Total Shares Offered415,000,000 (100%)

SJVN IPO Lot Size

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

About SJVN Ltd (Satluj Jal Vidyut Nigam Ltd)

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%.

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
30-Sep-0931-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income11,347.316,348.414,622.814,761.713,509.4
Profit After Tax (PAT)6,186.27,594.47,169.46,499.85,854.3

Objects of the Issue (SJVN IPO Objectives)

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.


SJVN IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB9.03
NII3.39
Retail3.12
Employee0.25
Total6.64

SJVN Ltd IPO Grading / Rating

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.

SJVN IPO Prospectus

SJVN IPO Rating

464
3.9
Rating:Rated 3.9 stars
Vote Here ...

SJVN IPO Listing Details

Listing Date May 20, 2010
BSE Script Code 533206
NSE Symbol SJVN
ISIN INE002L01015
Final Issue Price ₹26 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

SJVN Ltd (Satluj Jal Vidyut Nigam Ltd) Contact Details

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

SJVN IPO Registrar

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 FAQs

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.

The SJVN IPO listing date is on May 20, 2010.
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SJVN IPO Message Board

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931 Comments

931. Sixty Paise |   Link |  Bookmark |July 6, 2010 4:19:22 PM
That is the final dividend amount. They had given 19 paise as interem dividend earlier. That takes it too 79 paise. It works out to near 3.5% PA near the bank savings rate.

930. atambir |   Link |  Bookmark |July 2, 2010 10:30:34 PM
SJVN is a good long term share. The board meeting would be on July 6. According to my estimate it would declare a Net Profit of 1000 crore and dividend of 10 to 12.5 %.

Those who want the moderate returns over a long period of time say 20 % per annum should hold this share.

Better invest in this share then investing in mutual fund. or even bank FD
929. Tarun Mittal |   Link |  Bookmark |June 28, 2010 1:06:09 PM
One more thing, I think if you are holding shares more than your capacity, if the results are good and the dividend is on higher side, it may give you an exit option for one or two days.
928. Tarun Mittal |   Link |  Bookmark |June 28, 2010 1:00:47 PM
Actually, the company is going to declare dividend and result on 30/6/2010. Anticipated dividend is Rs. 0.70. So the 3% percent movement is ok. After, the result the share is likely to go in hibernation again.
927. K.K.Natarajan |   Link |  Bookmark |June 26, 2010 2:34:47 PM
Slightly moving up or down, SJVN was steady for long. But for the last three days the movement is a little bizzare. What is happening? Is anything happening to scare away the small investors from this counter?
926. Loot program |   Link |  Bookmark |June 25, 2010 8:21:57 PM
Cong. Govt. ab tak ki sabsay corrept govt. Hi, petrol phir mahga, adorson ko bhaganay wali, union karbite say muawja kam karnay wali, jab uska prime ministor phasa tho public ka paisa muawjay may bata, mahgai record tod , maha dogi, swish bank may paisa jama karnay wali, desh drohi atank wadio ko saja say bachanay wali, garibo ki dusman. Jago desh wasio.
925. Ravi, Bangalore |   Link |  Bookmark |June 25, 2010 12:02:21 PM
This is further to Post # 918 & 919.

There is strong support at 21.90. IPO investors should liquidate their positions if breaches 21.50. In that case, its fair value may not be Rs.38.

If investors need to keep holding, they need to justify their decision by collecting proper information about its fundamentals.
924. Ravi, Bangalore |   Link |  Bookmark |June 24, 2010 7:23:46 PM
In case it breaches first support of 23.05 or roughly slips below 23, it warrents liquidation for IPO investors.

In case it falls below 23, its fair value is not Rs.38. It is less than that. In such situation, investors need to find-out its fair value from various other sources.

IPO investors should keep on eye on 23, whether it takes support or slips.
923. Ravi, Bangalore |   Link |  Bookmark |June 24, 2010 7:01:45 PM
This is further to my Post # 886 dated 27 May 2010.

SJVN 23.4- As long as it stays below 24.35, it is vulnerable to selling pressure.

Target 23.05, 21.95 or even below 17.9.

In case it manages to cross 24.9, it could rise to 27.1 & become bullish.

Validity: 29/07/2010. Fresh review required after validity period.

Fundamentally, its fair value Rs.38 as per my information.

It appears few brokerage house reports that I referred have gone wrong. Quality mid-cap company cannot trade at more than 50% discount.
922. Choor bajaar |   Link |  Bookmark |June 24, 2010 4:59:02 PM
Rating pay diyan na do ,yah india hi, yaha sub paisay pay bikthay hi, cbi nay railway bharthi bord kay chiarman ko pakada hi, exam kay papers choori karkay dalalo ko sell kar raha tha desh drohi kahi ka.
921. M.D |   Link |  Bookmark |June 24, 2010 10:24:52 AM
Sjvnl will come down upto rs.8.50 ,fair value rs. 4 only. Govt. Nay public ko phir ullo banaya NHPC ke tarah, public bolti hi dil hi ki ipo say maanta hi nahi.
920. Tiyagi |   Link |  Bookmark |June 23, 2010 10:41:14 PM
I think all past psu ipo/fpo are fraud cheters.
919. Tiyagi |   Link |  Bookmark |June 21, 2010 2:48:12 PM
Market itni + ho gai, NHPC jaisa choor share abi bhi nali may lot raha hi, how shame less psu.
918. Hum nahi sudray gay |   Link |  Bookmark |June 19, 2010 2:04:52 PM
NHPC hum nahi sudhray gay,jab aderson jaisay hataray ko govt. Uskay ghar pahucha ati hi, hum to kaval lutary hi, ha ha ha mera desh ?
917. J.K |   Link |  Bookmark |June 18, 2010 8:40:33 PM
NHPC kay directors Aderson say bhi katarnaak apradhi hi,20 ka share 36 may sell karkay lakho logo ko loot liya, govt. Ko nhpc ko nelaam karkay iskay directors ko turant arrest karna chahiy.
916. ds |   Link |  Bookmark |June 18, 2010 10:27:59 AM
dear friends be carefull

govt' co's md 's of nhpc and sjvn is planning to wipe out all profits from the company and than they will take downwards the rate of of these shares to with adjusted the lower eps

this process will take 5 to 6 years at such time the rate could come upto 5to6 for nhpc and 4 to 5 rs.for sjvn

this process will be done to accumulate shares at 4 to 5 rs
they will make stable these rates for 8 to 9 years


so my advise is clearly is to sell both hydro power shares at currently if any one to buy it to buy at lower levels at rs 7 to 8 rs

thanks


915. KMFS |   Link |  Bookmark |June 15, 2010 2:52:41 PM
The government approved disinvestment of 10 per cent equity each in mining companies Coal India Ltd and Hindustan Copper Ltd.

another two FPO,,

Goodluck for everbody,,

914. P.M |   Link |  Bookmark |June 12, 2010 5:45:18 PM
India ke janta ko savdhan kiya jata hi, aaj kal market may NHPC,NMDC,NTPC,SJVNL, IB POWER,EMBI POLY,SHREE GANESH, IDR, Jaise faticher, sadadk shap co,s ipo/fpo laykar loot rahi hi, listing kay din hi inki phat jati hi, Govt.+lead manager+sebi+lic,sbi jaal may sikar kar rahay hi.
913. Ash |   Link |  Bookmark |June 10, 2010 5:25:19 PM
Any information of the dividend which this company gives annually?
Thanks
912. Boss |   Link |  Bookmark |June 10, 2010 3:01:38 PM
Michal ipo/fpo investors ke hamesa kuli phati rahti hi, mona darling say kah do agar ipo,fpo laynay kay baad jalan jiyada ho tho din may 3 baar sivajaal marham lagay,tum cycel say jaan ipo,fpo ka koi add. Dikhay tho uspar sivajaal marham ke muhar lagana. (add- ipo,fpo kay lakho investors kay liya kuskabri , dard ,jalan, gaw , raktsraw may turant araam dayta hi sivajaal powder and marham, nakaalo say sawdhan)