Shuvam Power limited is to issue 5.80 lakh units IPO (Initial public offering) for general public. It is been added in IPO pipeline of SEBON for approval. After the approval from SEBON, IPO will be floated in general public at the face value of Rs.100
It had Issuee size is 2 lakh units for local people of projected affected areas out of which only 19,420 units were subscribed by locals. Remaining 180,580 unit shares will be issued to general public.
The company will be issuing 580,580 units IPO worth Rs.5.80 crore including unsubscribed shares by locals.
The issue manager is CBIL capital limited.
The company is operating 990KW PipuwaKhola Hydropower Project since Shrawan 1, 2068.
