Sanjen Jalvidhyut Allots IPO

May 02, 2019 Merolagani

Sanjen Jalvidhyut (@SJCL@) has allotted the IPO today at 3:00 PM in the conference hall of Ministry of Energy, Singhadurbar in the presence of Barsha Man Pun, Minister of Energy, Irrigation and Water Resources.

As per Issue manager, Citizens Investment Trust, a total of 59,455 applicants who have been sought 10 units of shares have been provided the same. An additional 10 units of shares have been provided to 209,328 applicants out of 229,442 applicants who sought 20 to 2000 units of shares through lottery.

According to the issue manager, a total of 13,869,730 shares were demanded from 300,597 applicants which were 2.78 times more than the offered shares.

Sanjen Hydropower issued 5,475,000 units of shares worth Rs 547.5 million. Out of the total offered shares, the company allocated 4 percent i.e. 219,000 units to employees and 273,750 units to the mutual fund.


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