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

Apr 29, 2010 - May 3, 2010

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 Promoters:

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.

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:

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 Details

Issue OpenApr 29, 2010 - May 3, 2010
Issue TypeBook Built Issue IPO
Issue Size415,000,000 Eq Shares of Rs 10
(aggregating up to Rs 1,062.74 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 23 - Rs 26 Per Equity Share
Market Lot250 Shares
Min Order Quantity250 Shares
Listing AtBSE, NSE

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.

Check IPO Ratings from other stock analysts.

SJVN IPO Subscription Status (Bidding Detail)

SJVN IPO how much subscribed?

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

SJVN IPO Prospectus

SJVN IPO Rating

464
3.9
Rating:Rated 3.9 stars

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SJVN IPO Listing Date

Listing DateThursday, May 20, 2010
BSE Script Code533206
NSE SymbolSJVN
Listing InB
ISININE002L01015
Issue PriceRs 26 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 26.00
Rs 28.00
Rs 24.15
Rs 28.00
Rs 25.05
71,870,453
NSE
Rs 26.00
Rs 27.10
Rs 24.00
Rs 27.10
Rs 25.10
135,359,993

SJVN IPO Reviews / Ratings

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Company Contact Information

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
   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

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SJVN IPO Review / Comments

avatar
931. Sixty Paise  Jul 6, 2010 16:19 I Like It. | Report Abuse
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.

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930. atambir  Jul 2, 2010 22:30 I Like It. | Report Abuse
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
avatar
929. Tarun Mittal  Jun 28, 2010 13:06 I Like It. | Report Abuse
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.
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928. Tarun Mittal  Jun 28, 2010 13:00 I Like It. | Report Abuse
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.
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927. K.K.Natarajan  Jun 26, 2010 14:34 I Like It. | Report Abuse
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?
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926. Loot program  Jun 25, 2010 20:21 I Like It. | Report Abuse
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.
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925. Ravi, Bangalore  Jun 25, 2010 12:02 I Like It. | Report Abuse
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.
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924. Ravi, Bangalore  Jun 24, 2010 19:23 I Like It. | Report Abuse
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.
avatar
923. Ravi, Bangalore  Jun 24, 2010 19:01 I Like It. | Report Abuse
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.
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922. Choor bajaar  Jun 24, 2010 16:59 I Like It. | Report Abuse
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.
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921. M.D  Jun 24, 2010 10:24 I Like It. | Report Abuse
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.
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920. Tiyagi  Jun 23, 2010 22:41 I Like It. | Report Abuse
I think all past psu ipo/fpo are fraud cheters.
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919. Tiyagi  Jun 21, 2010 14:48 I Like It. | Report Abuse
Market itni + ho gai, NHPC jaisa choor share abi bhi nali may lot raha hi, how shame less psu.
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918. Hum nahi sudray gay  Jun 19, 2010 14:04 I Like It. | Report Abuse
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 ?
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917. J.K  Jun 18, 2010 20:40 I Like It. | Report Abuse
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.
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916. ds  Jun 18, 2010 10:27 I Like It. | Report Abuse
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


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915. KMFS  Jun 15, 2010 14:52 I Like It. | Report Abuse
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,,

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914. P.M  Jun 12, 2010 17:45 I Like It. | Report Abuse
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.
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913. Ash  Jun 10, 2010 17:25 I Like It. | Report Abuse
Any information of the dividend which this company gives annually?
Thanks
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912. Boss  Jun 10, 2010 15:01 I Like It. | Report Abuse
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)



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