Sanvi Energy IPO Allotment Today — Only 241,530 Applicants to Receive 10 Shares Each

The IPO allotment of Sanvi Energy Limited is scheduled to take place today (Monday) at 3 PM, as confirmed by the issue manager Nepal SBI Merchant Banking Ltd. The allotment will be conducted at their office in Lekhnath Marg, Thamel, Kathmandu.

According to the sales manager, the IPO received overwhelming interest from the public, with a total of 2,108,232 applicants applying for 25.89 million units. However, due to limited shares, only 241,530 applicants will be allotted 10 units each through a lottery system.

IPO Details

Sanvi Energy was approved by the Securities Board of Nepal (SEBON) to issue 3.79 million shares at a face value of NPR 100 per unit. The allotment structure was as follows:

• 880,000 units were allocated for locals affected by the project

• 291,000 units were reserved for Nepalis working abroad

These shares have already been issued and allotted. The remaining 2,619,000 shares were opened to the general public from Jestha 9 to Jestha 13 (May 22–26).

High Demand, Low Chance

With over 2.1 million applicants vying for a limited number of shares, the IPO is oversubscribed by more than 9.9 times. As a result, only 241,530 lucky applicants will receive a minimum of 10 shares, while over 1.86 million applicants will walk away empty-handed.

The allotment will be conducted using a lottery system, as is standard when demand far exceeds supply.