Shuvam Power to issue 2 lakh unit shares to local residents; close on 3rd Ashard.

IPO of Shuvam Power Limited is commencing from today, the issue is scheduled to close on 3rd Ashard, 2075. 

 The company will be issuing 2 lakh unit shares for the local residents of Sankhuwasabha district.  Interested applicants can apply for a minimum of 50 units and maximum 1000 units. The shares will be issued at a face value of Rs 100. 

CBIL Capital has been appointed as the issue manager for the issue. 

The IPO can be applied using ASBA.