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Track all the latest updates and news of SVPCL IPO.
April 15, 2024 3:30:00 AM
Lossmaking young tech start-ups are advised to approach IPO roadshows with an eye-catching tale of future growth and some flattering numbers to back it up. In 2024, that is not happening.
Published by : The Financial TimesApril 11, 2024 8:36:00 AM
The Reddit IPO will arguably go down as one of the most anticipated initial public offerings (IPOs) of 2024, and it did not disappoint. On Wednesday, March 20, the social media company priced its ...
Published by : KiplingerMarch 21, 2024 3:43:00 AM
Social media platform Reddit, priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO ...
Published by : New York PostMarch 21, 2024 11:41:00 PM
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share ...
Published by : TechCrunchMarch 21, 2024 1:36:00 AM
The price of the IPO will benefit Reddit�s largest shareholders, including co-founder Steve Huffman�who has a 3.3% stake in the company, according to the New York Times�Conde Nast�s parent ...
Published by : ForbesApril 18, 2024 3:30:00 AM
IIFL Securities and ICICI Securities are the book running lead managers for the JNK India IPO, while Link Intime India is the registrar for the issue. Nephro Care IPO: Nephro Care India Ltd has ...
Published by : Business TodayMarch 21, 2024 1:16:00 AM
The company, along with executives and employees, sold 22 million shares in its public offering and said ahead of the IPO that it would set aside 8% for some of the site's biggest users and ...
Published by : Business InsiderMarch 22, 2024 3:04:00 AM
While Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of growth. It also disclosed last week that the Federal Trade ...
Published by : New York PostMarch 20, 2024 7:01:00 PM
Reddit�s IPO this week has raised the question of how the social-media platform makes money and plans to turn a profit. Reddit�s total revenue was $804 million in 2023, an increase of 21% from ...
Published by : MarketWatchMarch 21, 2024 3:30:00 AM
In what�s poised to be one of the biggest initial public offerings of the year, Reddit disclosed financial details of its forthcoming IPO, which could raise as much as $748 million. On Monday ...
Published by : YahooMarch 21, 2024 3:30:00 AM
After years of anticipation, Reddit finally conducted its initial public offering (IPO). Nicknamed the �front page of the internet,� Reddit offers message boards that allow users to ask ...
Published by : Yahoo FinanceGiving the break to one of the worst IPO processing's in current time; Supreme Court (SC) rejected SVPCL's appeal and urged them to refund the money to the investors.
The SVPCL IPO was open from October 22, 2007 to October 26, 2007 and subscribed 1.09 times (retail 2.2419 times). Company filed for listing at BSE on 17th January 2008 but BSE rejected the application as Post issue Merchant Bankers (UTI Securities Limited) didn't provided an undertaking as required. Company moved to Andhra Pradesh High Court and then Supreme Court but lost the both the cases. Since Oct 2007 thousands of investor's money got stuck due to these legal problems.
Today once SC rejected SVPCL's appeal, it's now clear that SVPCL has to refund the money back to its IPO investors soon. SVPCL Ltd officials were unable to comment of this.
SVPCL Ltd IPO - Option to withdraw application
SVPCL Limited IPO has got some trouble while allocating shares due to some legal issues. Company published a letter to its investors saying that the delay in allotment/refunds is because of unintentional and inadvertent discloser which appeared on the cover page of its RHP, in the application form and also on other places in RHP. Company has corrected the document and submitted it to SEBI and stock exchanges.
Due to the define rules by SEBI, company has given an option to its investors to withdraw the application with in 10 days from the date of the notice i.e. on or before 5:30 PM on December 13, 2007.
Process to withdraw application:
Submit a duly signed request along with:
A. Name of applicants
B. Address
C. Application number
D. Number of shares bid for
E. Amount paid
F. Cheque number
G. Bank and branch detail
Send it to:
Kind Attn: Mr. G. Bhaskar
Aarthi Consultants Private Limited
1-2-285, Domalguda, Hyderabad - 500029
Phones: 040-27638111/27634445/27642217/55611921
Email: svpcl@aarthiconsultants.com
Payment of interest:
Company will pay interest to all applicants @ 15% p.a. for delay in allotment/refund beyond 10/11/2007.
For more detail check company notice to BSE
Incorporated in 1992, SVPCL Limited is Hyderabad based manufacturer of paper products and stationery. SVPCL also involve in large volume printing, computer stationery and security printing.
SVPCL is entering the capital markets with an initial public offering, IPO of [*] Equity Shares of Rs. 10/- each aggregating Rs. 34.50 Crore, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 40/- at lower level and Rs. 45/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 22, 2007, and closes for subscription on Oct 26, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The SVPCL IPO is proposed to open on October 22, 2007. The IPO application ends on October 26, 2007.
Retail investors can apply in the retail or non-institutional investor category from October 22, 2007 to October 26, 2007. The SVPCL IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The SVPCL IPO will open for subscription on October 22, 2007. The public issue will close on October 26, 2007.
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