Satluj Jal Vidyut Nigam (SJVN) has come up with an initial public offering(IPO) of 41.5 crores equity shares. It has opened for subscription on April 29th 2010.  The Satluj Jal Vidyut Nigam IPO was thrown open to public at Rs 23-26 price band. At the highest price band rate the IPO is valued at Rs 1079 crores.

Investors looking from long term perspective can buy into the offer. The price looks attractive to everyone. Moreover retail investors and employees of Satluj Jal Vidyut Nigam will get a discount of 5% over the issue price. The Satluj Jal Vidyut Nigam IPO offer will close on May 3rd 2010. Satluj Jal Vidyut Nigam  is basically a state run hydroelectric  power producing company which is a joint venture between Govt Of India and Himachal Pradesh.

As on today’s date the Satluj Jal Vidyut Nigam IPO has been oversubscribed 6.8 times. It has received a good response from the investors community. Even though the recent IPOs have done well in the market, but remain little cautious as the power stocks have not done so well for Eg NHPC which debuted at Rs 36 is now trading at Rs 30 odd levels.

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