SJVN Ltd IPO to list on 20th May’ 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.
Listing Date: Thursday, May 20, 2010
BSE Scrip Code: 533206
NSE Symbol: SJVN
Issue Price: 26
The issue price, fixed by an empowered group of ministers (EGOM), will fetch the UPA government the lowest amount so far through disinvestment in its second term.
Satluj Jal Vidyut Nigam Ltd (SJVNL) is offloading 10 per cent of the Centre’s equity or 41.5 crore shares in the IPO that closed yesterday. The issue has generated good demand among investors and got subscribed 6.61 times.
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