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'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.
| 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 |
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.
| Issue Open | Apr 29, 2010 - May 3, 2010 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 415,000,000 Eq Shares of ₹10 (aggregating up to ₹1,062.74 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹23 - ₹26 Per Equity Share |
| Market Lot | 250 Shares |
| Min Order Quantity | 250 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 250 | ₹6,500 |
| Maximum | 30 | 7500 | ₹195,000 |
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.
Check IPO Ratings from other stock analysts.
No. of Times Issue Subscribed (BSE + NSE) | |||||
|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Total |
Shares Offered | 246,990,000 | 41,165,000 | 123,495,000 | 3,350,000 | 415,000,000 |
May 3, 2010 17:00 | 9.03x | 3.39x | 3.12x | 0.25x | 6.64x |
| Listing Date | Thursday, May 20, 2010 |
| BSE Script Code | 533206 |
| NSE Symbol | SJVN |
| Listing In | B |
| ISIN | INE002L01015 |
| Issue Price | ₹26 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: sjvnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
SJVN IPO is an main-board initial public offering of 415,000,000 equity shares of the face value of ₹10 aggregating up to ₹1,062.74 Crores.
The issue price of the IPO is ₹23 - ₹26 Per Equity Share. The minimum order quantity is 250 Shares per application and the offer type is Book Built Issue.
The IPO opens on Apr 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 Apr 29, 2010 and closes on May 3, 2010.
SJVN IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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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