Bookbuilding IPO | ₹1,063 Cr | Listed at BSE, NSE | Thu, Apr 29, 2010 - Mon, May 3, 2010
SJVN IPO is a book build issue of ₹1,062.74 crores. The issue is entirely an offer for sale of 41.50 crore shares of ₹1,062.74 crore.
SJVN IPO bidding started from Apr 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 ₹26 per share. The lot size for an application is 250. The minimum amount of investment required by an retail is ₹6,500 (250 shares) (based on upper price). The lot size investment for sNII is 31 lots (7,750 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (38,500 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 33,50,000 shares for employees offered at a discount of ₹1.30 to the issue price.
IDBI Capital Markets Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to SJVN IPO RHP for detailed Information.
IPO Open
Thu, Apr 29, 2010
IPO Close
Mon, May 3, 2010
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹10,682.92 Cr
| IPO Date | 29 Apr to 3 May, 2010 |
| Listed on | Thu, May 20, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹23 to ₹26 |
| Issue Price | ₹26 per share |
| Lot Size | 250 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 1.30 per share |
| Employee Discount | ₹1.30 |
| Total Issue Size | 41,50,00,000 shares (agg. up to ₹1,063 Cr) |
| Offer for Sale | 41,50,00,000 shares of ₹10 (agg. up to ₹1,063 Cr) |
| Share Holding Pre Issue | 4,10,88,14,000 shares |
| Share Holding Post Issue | 4,10,88,14,000 shares |
| BSE Script Code / NSE Symbol | 533206 / SJVN |
| ISIN | INE002L01015 |
SJVN IPO comprises a total issue size of 41,50,00,000 shares. The net offer to the public is 41,16,50,000 shares, after excluding 33,50,000 shares under a preferential allotment. Of the Net offer 24,69,90,000 (60.00%) are allocated to QIB, 4,11,65,000 (10.00%) allocated to NII 12,34,95,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 24,69,90,000 | 60.00% | 59.52% | NA |
| NII (HNI) Shares Offered | 4,11,65,000 | 10.00% | 9.92% | NA |
| Retail Shares Offered | 12,34,95,000 | 30.00% | 29.76% | 4,93,980 |
| Preferential Reservations | ||||
| Employee Shares Offered | 33,50,000 | 0.81% | NA | |
| Total Shares Offered | 41,50,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 250 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹6,500 |
| Retail (Max) | 30 | 7,500 | ₹1,95,000 |
| S-HNI (Min) | 31 | 7,750 | ₹2,01,500 |
| S-HNI (Max) | 153 | 38,250 | ₹9,94,500 |
| B-HNI (Min) | 154 | 38,500 | ₹10,01,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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%.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing on the Stock Exchanges |
| KPI | |
|---|---|
| RoNW | 12.5% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 89.97% |
| Market Cap | ₹10,682.92 Cr. |
The SJVN IPO is subscribed 6.64 times on May 3, 2010 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.03 | 24,69,90,000 | |
| NII | 3.39 | 4,11,65,000 | |
| Retail | 3.12 | 12,34,95,000 | |
| Employee | 0.25 | 33,50,000 | |
| Total | 6.64 | 41,50,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees | |
| 2 | Underwriting and selling commission* (including commission to SCSBs for ASBA Applications *) | |
| 3 | Registrar’s fees | |
| 4 | Advertisement and marketing expenses | |
| 5 | Printing and distribution expenses* | |
| 6 | IPO Grading expenses | |
| 7 | Advisors | |
| 8 | Bankers to the Offer | |
| 9 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, etc.) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹26.00 | ₹26.00 |
| Open | ₹28.00 | ₹27.10 |
| Low | ₹24.15 | ₹24.00 |
| High | ₹28.00 | ₹27.10 |
| Last Trade | ₹25.05 | ₹25.10 |
SJVN IPO is a main-board IPO of 41,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,063 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 250.
The IPO opens on Thu, Apr 29, 2010, and closes on Mon, May 3, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in SJVN IPO using UPI as a payment gateway. Zerodha customers can apply in SJVN IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SJVN IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SJVN IPO opens on Thu, Apr 29, 2010 and closes on Mon, May 3, 2010.
SJVN IPO lot size is 250, and the minimum amount required for application is ₹6,500.
You can apply in SJVN IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, May 20, 2010.
