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PRODUCT NOTE
Satlaj Jal Vidyut Nigam Ltd
OPENS ON : 29/04/2010 CLOSES ON : 3/05/2010
Company Details:
  • SJVN is a hydroelectric power generation company originally established as a joint venture between the Government and the state government of Himachal Pradesh to develop and operate the NJHPS.

  • Based on information published by the CEA, the NJHPS is currently the largest operational hydroelectric power generation facility in India

  • Aggregate generation capacity of 1,500 MW, and is located on the Sutlej River in the state of Himachal Pradesh.

  • SJVN has entered into memoranda of understanding with the state government of Uttarakhand for three hydroelectric projects with an expected aggregate generation capacity of 363 MW.
IPO Grading:
The Offer has been graded  by Credit Analysis and Research Limited(“CARE), as 4/5 indicating above average fundamentals
Issue Details:
Issue Size : 41,50,00,000 Shares of Rs.10/- Each  
Employees : 33,50,000 Equity Shares  
Net Issue : 41,16,50,000 Equity Shares  
QIB Book : 24,69,90,000 Equity Shares (60% of Net issue size)
HNI Book : 4,11,65,000 Equity Shares (10% of Net issue size)
Retail book : 12,34,95,000 Equity Shares (30% of Net issue size
 
BRLM    :   IDBI Capital JM Financial Consultants IDFC Capital SBI Capital Markets
Issue Period : April-29 to May-03, 2010
Price Band      :

Rs.23 - Rs.26

Lot Size :

250 Equity Shares into multiples of 250 shares

Registrar  : Link Intime India Private Limited
Retail Discount  : 5% Discount of the Issue Price to the retail investors (on allotment)
Banker to the Issue : Axis , HDFC, SBI, Kotak Mahindra, HSBC, ICICI, Yes Bank

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