Satluj Jal Vidyut Nigam ( SJVN ) IPO has been fully subscribed and IPO Allotment status will be known in a few days. Retail investors who had applied for this issue will get full allotment.

SJVN is a hydro power generator . SJVN is a joint venture between the Government of India and the state government of Himachal Pradesh, formed to develop and operate the 1,500MW Nathpa Jhakri Hydro Power Station (NJHPS).

Price of IPO is yet to be decided.  Mostly the lower band would be used. Allotment would be done in few days too.

Allocation details when available will be put up here.

About SJVN IPO:

SJVN is joint venture between the central government and the Himachal Pradesh (HP) state government. The Centre holds 74.5% stake and the HP state government holds the remaining 25.5%. The central government’s stake after the divestment will decline to 64.47%.

SJVN reported net profit of Rs 775.37 crore on net sales of Rs 1423.10 crore for nine months period ended December 2009