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Incorporated in 2005, Servalakshmi Paper Limited engaged in the business of manufacturing Printing & Writing Paper and Newsprint. Companys production unit situated at Kodaganallur Village, Tirunelveli district, Tamil Nadu with total installed production capacity of 90,000 MTPA. In printing and writing segment, they produce coated, uncoated, copier, cream wove, SS Maplitho, computer stationary and text/note book papers.
Company's major clients are Times VPL Limited (Times Group), The Hindu Daily, Dinamalar, Kerala Kaumudi Pvt Ltd, The Printers Mysore Pvt Ltd (Deccan Herald), Sakal Papers Ltd, Deshabhimani Daily, Rashtra Deepika Ltd, Metro Vartha, Perfect Systems and Services, Manipal Press Ltd, Vimala Note Book, Rajhans Enterprises and Veer Pack Industries.
Clients in the export market include Saifi Trading, Colombo, Sri Lanka, Jupiter Trading Company, Sri Lanka, Vital Solutions PTE Limited, Singapore, New Thought Investments Pvt Ltd, Harare, Zimbabwe, 5. Raccolta, Molnar & Greiner GmbH, Vienna, Austria, Dinowic PTE Limited, Singapore, Paper World Wide, Dubai, UAE.
The Object of the issue are:
1. Purchase of equipments for value added products;
2. Long term working capital requirement;
3. Preliminary & Pre Operative Expenses including expenses for IPO.
| IPO Date | Apr 27, 2011 to Apr 29, 2011 |
| Listing Date | Thursday, May 12, 2011 |
| Face Value | ₹10 per share |
| Price | ₹27 to ₹29 per share |
| Lot Size | 200 Shares |
| Issue Size | 20,689,655 shares of ₹10 (aggregating up to ₹60.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Mr. R. Ramswamy (Age: 70 years) - Chairman and Managing Director of the company. |
The Servalakshmi IPO lot size is 200 shares. A retail-individual investor can apply for up to 34 lots (6800 shares or ₹197,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹5,800 |
| Retail (Max) | 34 | 6800 | ₹197,200 |
ICRA has assigned an IPO Grade 2 to Servalakshmi Paper Ltd IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Read Servalakshmi Paper IPO Grading Report
Servalakshmi Paper IPO, Servalakshmi Paper Ltd IPO, Servalakshmi Paper IPO Bidding, Servalakshmi Paper IPO Allotment Status, Servalakshmi Paper IPO drhp and Servalakshmi Paper IPO listing.
The Servalakshmi IPO is subscribed 1.47 times on Apr 29, 2011 5:30:00 PM. The public issue subscribed 1.90 times in the retail category, 0.34 times in the QIB category, and 4.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.34 |
| NII | 4.21 |
| Retail | 1.90 |
| Total | 1.47 |
| Listing Date | Thursday, May 12, 2011 |
| BSE Script Code | 533401 |
| NSE Symbol | SERVALL |
| Listing In | B Group of Securities |
| ISIN | INE431L01016 |
| IPO Price | ₹29 per share |
| Face Value | ₹10 per share |
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Servalakshmi Paper Ltd
31 (Old no. 10-Z),
Bharathi Park 7th Cross, Saibaba Colony,
Coimbatore – 641 011
Phone: 0422 4333344
Email: sppl@servalakshmi.in
Website: http://www.servalakshmi.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: spl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 0 | 0 | 3 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
Servalakshmi IPO is a main-board IPO of 20,689,655 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹27 to ₹29 per share. The minimum order quantity is 200 Shares.
The IPO opens on Apr 27, 2011, and closes on Apr 29, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Servalakshmi IPO opens on Apr 27, 2011 and closes on Apr 29, 2011.
Servalakshmi IPO lot size is 200 Shares and the minimum order quantity is .
You can apply in Servalakshmi IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Servalakshmi IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Servalakshmi IPO allotment status.
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