SJVN Limited today announced its price band for its forthcoming IPO. The price band is Rs 23-26 with a 5% discount for retail investors. The IPO opens on Thursday the 29th of April and closes on Monday the 3rd of May 2010.

The issue is for 41.5 cr shares and would have an allocation of 60% for QIB’s, 10% for HNI’s and 30% for retail.