Sanvi Energy Ltd. (SEL) began in 2011 as a private company focused on developing small- to medium-scale hydropower projects in Nepal. The company owns two important run-of-river plants in Ilam District:
- Jogmai Khola Small Hydroelectric Project (7.6 MW) – Operating since 2074 BS
- Jogmai Cascade Hydroelectric Project (5.2 MW) – Still under construction
These projects follow the BOOT (Build, Own, Operate, Transfer) model, focusing on sustainable energy and community benefits.
In July 2020, Sanvi Energy became a public limited company, preparing itself for an IPO listing on the Nepal Stock Exchange.
IPO Launch and Allocation Phases
In March 2025, the Securities Board of Nepal (SEBON) approved Sanvi Energy’s IPO of 3.79 million shares, aiming to raise NPR 37.9 crore with a face value of NPR 100 per share.
Phase 1: Locals & Nepalese Abroad
- Started on Baisakh 5, 2082
- 880,000 shares for locals affected by the project in Ilam
- 291,000 shares for Nepalese living abroad (NRNs)
- Applicants could apply for 10 to 20,000 shares each
- Application deadline: Baisakh 19 for non-locals, extended to Jestha 3 for locals if demand remained high
Phase 2: General Public
- Remaining 2.79 million shares (about 33% of total capital) offered to the general public after Phase 1 closes.
Credit Rating and Management
Sanvi Energy received a ‘CARE‑NP BB+ (Is)’ credit rating, indicating moderate repayment risk. The IPO issuance is managed by Nepal SBI Merchant Banking Limited.
Opening and Closing Price Expectations
Predicted Opening Price
Experts estimate the IPO shares could open in a wide range between:
- NPR 90 to 96 (lower end)
- NPR 270 to 289 (higher end)
This large band reflects both optimism and caution among investors.
What to Watch on Listing Day
- Opening price: Will it fall within the predicted NPR 90–289 range?
- Closing price: Will it stay strong above the high end?
- Trading volume: High volume signals genuine investor demand and confidence.
Should You Hold or Sell?
- Hold if: You believe in the long-term potential of Nepal’s hydropower sector and want to benefit from steady growth.
- Sell if: You prefer to take quick profits if the price spikes sharply on the first day.
- Watch carefully: The first few days will show whether the stock maintains momentum or cools off.
About Sanvi Energy
Sanvi Energy’s path from a private hydropower company in 2011 to a public company set for listing reflects a promising story of clean energy growth in Nepal. Its IPO has attracted strong interest, and the predicted price range points to a potentially exciting debut on the Nepal Stock Exchange.
