Things To Know For The Prospective Investors of Sanvi Energy Limited: IPO Opens From Today For Locals and Nepalese Employed Abroad
Fri, Apr 18, 2025 8:48 AM on IPO/FPO News, Latest,
Company Profile:
Sanvi Energy Limited (SEL) is a public limited company, originally established in 2011 as a private entity and converted to a public limited company in July 2020. The company is promoted by individuals with extensive experience in hydropower and other sectors. SEL currently has two hydropower projects, one operational and the other under construction, developed under the BOOT (Build, Own, Operate, Transfer) model.
About the Issue:
Sanvi Energy Limited has issued its IPO to project-affected locals of Ilam District and Nepalese citizens working abroad from the 5th Baishakh to the 19th Baishakh, 2082. Note that for the locals of Ilam District, if the issue is not subscribed by the early closing date, the issue can be extended till Jestha 02. However, the issue will not be extended to the early closing date for Nepalese citizens working abroad.
The issued capital of the company is Rs. 88 Crore, of which 10%, i.e., 8,80,000 unit shares worth Rs. 8.80 Crores, will be allocated to project-affected locals of Ilam District.
Meanwhile, 33.07% of the company's issued capital, i.e., 29,10,000 unit shares, will be issued later for the general public. Of this public issue, 10% of the shares, totaling 2,91,000 shares, have been allocated for Nepalese citizens working abroad, the issue of which opened today.
For the project-affected locals, the minimum application quantity to be applied is 10 units, while the maximum quantity is 20,000 units. For the Nepalese citizens working abroad, the minimum application quantity to be applied is 10 units, and the maximum quantity is 20,000 units.
Nepal SBI Merchant Banking Limited has been appointed as the issue manager.
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Sanvi Energy Limited |
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Particulars |
Percentage |
Units |
Amount |
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Total Capital |
100% |
88,00,000 |
88,00,00,000 |
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Total Issue to Public (IPO) |
43.07% |
37,90,000 |
37,90,00,000 |
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Project-affected Locals |
10% of IPO Units |
8,80,000 |
8,80,00,000 |
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Nepalese Employed Abroad |
10% of IPO Units |
2,91,000 |
2,91,00,000 |
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General Public |
80% of IPO Units |
29,10,000 |
29,10,00,000 |
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Issue Manager |
Nepal SBI Merchant Banking Limited |
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Issue Open Date |
5th Baishakh |
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Issue Closing Date (earliest) |
19th Baishakh |
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Issue Late Closing Date (for locals only) |
Jestha 02 |
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Minimum Application (For Project-affected locals) |
10 |
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20,000 |
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Minimum Application (For Nepalese Employed Abroad) |
10 |
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Maximum Application (For Nepalese Employed Abroad) |
20,000 |
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Capital Structure:
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Authorized Capital |
88,00,00,000 |
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Issued Capital |
88,00,00,000 |
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Current Paid-Up Capital |
50,10,00,000 |
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Capital after IPO Issuance |
37,90,00,000 |
Shareholding Structures
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Number of shares |
Amount |
Percentage |
Remarks |
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Promoters |
50,10,000 |
50,10,00,000 |
56.95% |
Already issued |
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Project-Affected Locals |
8,80,000 |
8,80,00,000 |
10% |
To be Issued |
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General Public (Including Nepalese citizens working abroad) |
29,10,000 |
29,10,00,000 |
33.07% |
To be issued |
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Total |
88,00,000 |
88,00,00,000 |
100% |
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Board of Directors
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S.N. |
Name |
Position |
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1. |
Mr. Anup Acharya |
Chairman |
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2. |
Mr. Bhanu Bhakta Pokharel |
Managing Director |
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3. |
Mr. Deepak Baral |
Director |
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4. |
Mr. Hari Babu Neupane |
Director |
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5. |
Ms. Bandana Pokharel |
Director |
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6. |
Mr. Shreyan Pokharel |
Director |
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7. |
Mr. Narayan Prasad Paudel |
Independent Director |
Financial Highlights:
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Financial Highlights |
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Particulars |
Actual |
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Estimated |
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2078/079 |
2079/080 |
2080/081 |
2081 |
2081/082 |
2082/083 |
2083/084 |
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Total Paid-Up Capital ('000) |
4,90,061 |
5,01,000 |
5,01,000 |
5,01,000 |
8,80,000 |
8,80,000 |
8,80,000 |
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Reserve & Surplus ('000) |
20,787 |
22,495 |
1,03,886 |
1,21,259 |
187,784 |
2,84,772 |
4,07,536 |
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Net Profit ('000) |
52,566 |
28,103 |
85,345 |
19,049 |
83,898 |
96,989 |
1,13,075 |
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Earnings per share (Rs.) |
10.60 |
5.72 |
17.03 |
3.81 |
9.53 |
11.02 |
12.85 |
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Net worth per share (Rs.) |
104.24 |
104.49 |
120.74 |
124.20 |
121.33 |
132.36 |
146.31 |
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Return on Equity (%) |
10.29% |
5.47% |
14.11% |
3.07% |
7.86% |
8.33% |
8.78% |
CARE Ratings:
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of ‘CARE-NP BB+ (Is)’ for Sanvi Energy Limited (SEL). Issuers with this rating are considered to have a moderate risk of default in meeting their financial obligations on time in Nepal.
Key Rating Strengths:
- Experienced board members and management team
- Moderate financial risk profile and operating performance of the power project
- Low offtake risk and moderate counterparty risk
- Favorable Government policies towards the power sector
Key Rating Weakness:
- Residual project implementation risk associated with the cascade project
- Hydrology risk associated with run-of-the-river power generation
- Risk of Natural Calamities
- Exposure to volatile interest rates
