Sanvi Energy Limited has received approval from the Securities Exchange Board of Nepal (SEBON) to launch its Initial Public Offering (IPO). The company will issue 37,90,000 equity shares at a face value of NPR 100 per share, aiming to raise a total of Rs. 37.90 crore.
Nepal SBI Merchant Banking Limited has been selected to manage the IPO process, ensure compliance with regulatory standards, and oversee share distribution.
CARE Issuer Rating
CARE Ratings Nepal Limited (CRNL) has reaffirmed Sanvi Energy’s issuer rating of ‘CARE-NP BB+ (Is)’, indicating a moderate risk of delays in meeting financial obligations. This rating underscores the company’s credible position in Nepal’s market.
About Sanvi Energy Limited
Sanvi Energy Limited (SEL), established in 2011 and converted to a public limited company in 2020, is dedicated to hydropower development in Nepal. Led by experienced professionals, SEL operates one hydropower plant under the BOOT model and is developing another to expand its renewable energy portfolio. The company is currently working on the Jogmai Khola Small Hydroelectric Project (7.6 MW) and the Jogmai Cascade Hydroelectric Project (5.2 MW) in Ilam District. Committed to sustainability, transparency, and ethical business practices, SEL aims to develop multiple small and medium-sized hydropower projects, contributing to clean energy and infrastructure growth in Nepal.
Conclusion
Sanvi Energy Limited’s IPO approval marks a pivotal step in its growth strategy, enabling public investment in its renewable energy ventures. With a moderate-risk rating and experienced leadership, SEL aims to strengthen its role in Nepal’s hydropower sector. Investors can participate in this opportunity through the upcoming IPO, managed by Nepal SBI Merchant Banking Limited.
This development highlights SEL’s commitment to sustainable energy and transparency, positioning it as a key player in Nepal’s infrastructure development.