Sanvi Energy's IPO Allocation: How to Check Results?

Kathmandu, Bhadra 26. Sanvi Energy Limited (SANVI)'s ordinary share (IPO) allocation has been completed today. The allocation process was conducted at the office of the share issuer and sales manager, Nepal SBI Merchant Banking Limited, located in Thamel, Kathmandu.

The company had issued a total of 2,415,300 shares with a face value of NPR 100 per share from Bhadra 9 to 13 for the general public.

There was notable interest in this IPO. According to the sales manager, a total of 204,324 applicants applied for 23,991,820 shares. Among them, 3,674 applications were rejected, while 2,030,157 applications were deemed valid.

Due to high demand, the allocation was conducted through a lottery system. After the allocation, a total of 241,530 applicants became fortunate, receiving shares at a rate of 10 shares each. However, more than 1.8 million remaining applicants went away empty-handed without shares.

How to Check Results:

The results of Sanvi Energy's IPO can be checked through the following mediums:

• Nepal SBI Merchant Banking Limited's website: https://www.nsmbl.com.np/

• CDSC's Portal: iporesult.cdsc.com.np

• Mero Share Account

To view the results, you must enter your BOID or other details.

For more information: https://sharehubnepal.com/investment/upcoming-pubic-offerings/3391-ipo-general-public-sanvi-energy-limited