The company will issue one percent shares to employees of EPF, 3.5 percent to employees of promoter companies and 19.50 percent shares to contributors of EPF.
Sanjen has appointed Citizen Investment Trust as its issue manager under which NCM Merchant Banking, Civil Capital Market, Prabhu Capital, NMB Capital and Global IME will jointly manage the issue.
Sanjen is developing 42.5MW Sanjen Hydroelectric Project and 14.8MW Upper Sanjen Hydroelectric Project in Rasuwa district.
After the issuance, the company will issue IPO for locals of affected area followed by to general public.
