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Satluj Jal

Investment Advisor, SP Tulsian is of the view that SJVN may list around Rs 28-28.5 per share as against its issue price fixed at Rs 26 per share. The effective cost per share, to retail investor was Rs.24.70 per share, at the upper band after 5% discount. The offer comprises a net offer to the [...]

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Satluj Jal Vidyut Nigam Ltd. SJVN Limited is coming with a 100% book building, initial public offering (IPO) of 415,000,000 shares to raise about Rs 108 crore. The equity shares of Rs 10 each are being offered in a price band of Rs 23-26 per equity share. At least 60% of the issue will be [...]

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Satluj Jal Vidyut Nigam (SJVNL) IPO put on hold until next fiscal

by free stock tips IPO

The Centre holds 75% stake in Satluj Jal Vidyut Nigam (SJVN) —a joint venture between the Centre and Himachal Pradesh while the remaining stake remains with the state government The initial public offering of state-owned Satluj Jal Vidyut Nigam has been put on hold by the government after a lukewarm response to the follow-on offers [...]

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Govt plans Satluj Jal IPO by March

by admin IPO

By bringing in Shimla-based hydropower company Satluj Jal Vidyut Nigam, the government is moving fast with its disinvestment process whereas although it is a lesser-known company, the government plans to raise well above Rs 1000 crore through the IPO. However, it is the third to join the fray after National Hydro Power Corporation (NHPC) and [...]

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