IPO Issue Details
Issue Price / Price Band₹29 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size200 Shares per Lot
Total Issue Size2,06,89,656 shares (aggregating up to ₹60.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 27 Apr 2011
Subscription CloseFri, 29 Apr 2011
Anchor AllotmentTue, 26 Apr 2011
Basis of AllotmentThu, 05 May 2011
Initiation of RefundsFri, 06 May 2011
Credit of Shares to DematFri, 06 May 2011
Listing DateThu, 12 May 2011
UPI Mandate Deadline2011-04-29
Application & Investment Details
Retail — Min (1 Lots)₹5,800 — 200 shares
Retail — Max (13 Lots)₹75,400 (13 Lots)
HNI — Min (35 Lots)₹2,03,000 — 7,000 shares
Pre-IPO Promoter Holding2,24,24,000 shares
Post-IPO Promoter Holding4,31,13,655 shares
About Servalakshmi Paper Ltd.
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.
Objects of the Issue
Servalakshmi Paper Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of equipments for value added products
2.50
2
2 Long term working capital requirement
3.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
2,24,24,000 shares
Post-IPO Promoter Holding
4,31,13,655 shares