The Rs 60.00 crore Servalakshmi IPO is a book-built offering. The Servalakshmi initial public offering (IPO) bidding period commenced on April 27, 2011, and concluded on April 29, 2011. On May 12, 2011, the shares were listed on the BSE and NSE.The pricing range for the Servalakshmi IPO is ₹27 to ₹29 per share. An application must have a minimum lot size of 200 shares. Retail investors are obliged to invest a minimum of ₹5,800.
Servalakshmi Paper Limited was incorporated in 2005 and was in the business of producing newsprint, printing and writing paper. The company’s production facility, which has an installed production capacity of 90,000 MTPA, is located in Kodaganallur Village, Tirunelveli district, Tamil Nadu. They produce coated, uncoated, copier, cream weave, SS Maplitho, computer stationary, and text/notebook papers in the printing and writing market. 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 are some of the company’s most significant clients.
The following companies are clients in the export market: 5. Raccolta, Molnar & Greiner GmbH, Vienna, Austria; Dinowic PTE Limited, Singapore; Paper World Wide, Dubai, UAE; Saifi Trading, Colombo, Sri Lanka; Jupiter Trading Company, Sri Lanka; Vital Solutions PTE Limited, Singapore; New Thought Investments Pvt Ltd, Harare, Zimbabwe.
Servalakshmi IPO Details
| IPO Date | April 27, 2011 to April 29, 2011 |
| Listing Date | May 12, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹29 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 20,689,655 shares (aggregating up to ₹60.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Servalakshmi IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹5,800 |
| Retail (Max) | 34 | 6800 | ₹197,200 |
Servalakshmi IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 11,111,111 (50.00%) | NA |
| NII (HNI) Shares Offered | 3,333,333 (15.00%) | |
| Retail Shares Offered | 7,777,778 (35.00%) | 38,888 |
| Total Shares Offered | 22,222,222 (100%) |
Objects of the Issue (Servalakshmi IPO Objectives)
The objects of the issue are:
- Purchase of equipments for value added products;
- long-term working capital requirement;
- Preliminary and Pre-Operative Expenses, including expenses for the IPO
Servalakshmi IPO Listing Details
| Listing Date | May 12, 2011 |
| BSE Script Code | 533401 |
| NSE Symbol | SERVALL |
| ISIN | INE431L01016 |
| Final Issue Price | ₹29 per share |
Servalakshmi Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹29.00 | ₹29.00 |
| Open | ₹30.00 | ₹29.00 |
| Low | ₹17.30 | ₹17.70 |
| High | ₹48.75 | ₹48.70 |
| Last Trade | ₹19.00 | ₹19.05 |
Servalakshmi Paper Ltd Contact Details
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
Servalakshmi IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: spl.ipo@linkintime.co.in
Website: https://linkintime.co.in
Servalakshmi IPO FAQs
Q1. What is the Servalakshmi IPO?
Ans. Servalakshmi IPO is a main-board IPO of 20,689,655 equity shares with a face value of ₹10, aggregating up to ₹60.00 crore. The issue is priced at ₹27 to ₹29 per share. The minimum order quantity is 200 shares. The IPO opens on April 27, 2011, and closes on April 29, 2011.
Q2. When will Servalakshmi IPO open?
Ans. The Servalakshmi IPO opens on April 27, 2011 and closes on April 29, 2011.
Q3. What is the size of the Servalakshmi IPO?
Ans. Servalakshmi IPO lot size is 200 Shares, and the minimum amount required is ₹5,800.
Q4. When is the Servalakshmi IPO listing date?
Ans. The Servalakshmi IPO listing date is on May 12, 2011.
