The government owned Satluj Jal Vidyut Nigam will be raising around Rs 1,200 crore via its initial public offer (IPO). The issue would open on April 29 and close on May 3, informed the company today at its road show in Mumbai.
The company is tapping the markets with a IPO of over 415 million shares. SBI Capital, IDBI Capital, JM Financial and IDFC Capital are working as the book running lead managers for the issue.
