Servalakshmi IPO Latest News Today

Servalakshmi Paper IPO shares will list on Thursday, May 12, 2011. Issue price of this IPO has been fixed at Rs 29/- per share. IPO was oversubscribed by 1.47 times (1.90 times in retail) on closing day.

Servalakshmi Paper IPO Listing Date & Detail:

Listing Date:  Thursday, May 12, 2011
BSE Scrip Code: 533401
NSE Symbol: SERVALL
Listing In: B Group of Securities
ISIN: INE431L01016
Issue Price: Rs. 29.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Servalakshmi Paper IPO allotment status is now available online.

Servalakshmi Paper IPO was open on Apr 27, 2011 and closed on Apr 29, 2011. IPO was oversubscribed by 1.47 times (1.90 times in retail) on closing day.

Servalakshmi Paper Ltd IPO subscribed 1.47 times on its last day. Servalakshmi Paper IPO was open on Apr 27, 2011 and was closed today for subscription. Servalakshmi Paper has received bids for 3,26,03,000 shares as against issue size of 2,22,22,222 shares. The public issue remains unsubscribed in retail and QIB categories. The full allotment is expected for inventors in these categories.

Final Over-subscription Detail:

Qualified Institutional Buyers (QIBs): 0.34 Times
Non Institutional Investors: 4.21 Times
Retail Individual Investors (RIIs): 1.90 Times

Total: 1.47 Times

Servalakshmi Paper Ltd IPO subscribed 0.98 times on its day 2. Servalakshmi Paper IPO was open on Apr 27, 2011 and will close tomorrow on Apr 29, 2011 for subscription. Servalakshmi Paper has received bids for 2,18,68,600 shares as against issue size of 2,22,22,222 shares.

Subscription Detail for Day 2

Qualified Institutional Buyers (QIBs): 0.31 Times
Non Institutional Investors: 4.62 Times
Retail Individual Investors (RIIs): 0.39 Times

Total: 0.98 Times

Servalakshmi Paper Ltd IPO subscribed 0.57 times on its day 1. Servalakshmi Paper IPO opens today on Apr 27, 2011 and will close on Apr 29, 2011 for subscription. Servalakshmi Paper has received bids for 1,26,83,000 shares as against issue size of 2,22,22,222 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 3.20 Times
Retail Individual Investors (RIIs): 0.26 Times

Total: 0.57 Times

Servalakshmi Paper Ltd is entering in the capital markets with an initial public offering, IPO of 6000 lacs. The price band for the issue has been fixed at Rs 27/- at lower level and Rs 29/- at upper level.

Servalakshmi Paper Limited engaged in the business of manufacturing Printing & Writing Paper and Newsprint. Company’s 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.

The issue opens on Apr 27, 2011 and closes for subscription on Apr 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).