Sanjen Jalavidhyut Extends Deadline for 36,50,000 Units IPO Shares To The Locals of Rasuwa District

Sanjen Jalavidhyut Company Limited (SJCL) has re-extended the deadline for its locals IPO issue till 30th Ashwin, 2079.

The company has been issuing its 36,50,000 unit IPO shares to the project-affected locals of Rasuwa Districts (Aama Chhodingmo VDCs) from 5th Bhadra and was supposed to conclude on 19th Bhadra but the deadline was extended till yesterday i.e Ashoj 04, 2079. However, the issue is still unsubscribed and the deadline is re-extended to 30th Ashwin, 2079. This is 10% of the company's issued capital i.e Rs. 3,65,00,00,000.

Sunrise Capital is appointed as the issue manager for the IPO issuance. Interested investors can apply for a minimum of 10 shares to a maximum of 700 shares.

Sanjen Jalavidhyut Company Limited (SJCL), a company promoted by Chilime Hydropower Company Limited (CHPCL), is a public limited company established in 2010 AD with the objective of harnessing hydropower potential of the county with maximum participation of local people in the projects’ ownership and mobilization of local resources for the successful implementation of various hydroelectric projects. In the context of current annual growth in electricity demand in the country, the Company has planned to develop two hydroelectric projects, namely, Sanjen (Upper) Hydroelectric Project (14.8 MW) and Sanjen Hydroelectric Project (42.5 MW) in cascade, with its own equity and loan from financial institutions of Nepal as the first initiative.

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