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Servalakshmi IPO is a book built issue of Rs 60.00 crores.
Servalakshmi IPO bidding started from April 27, 2011 and ended on April 29, 2011. The shares got listed on BSE, NSE on May 12, 2011.
Servalakshmi IPO price band is set at ₹27 to ₹29 per share. The minimum lot size for an application is 200 Shares. The minimum amount of investment required by retail investors is ₹5,800.
Indian Overseas Bank and Keynote Financial Services Ltd are the book running lead managers of the Servalakshmi IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Servalakshmi IPO DRHP for detailed information.
| 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 |
| Share holding pre issue | 22,424,000 |
| Share holding post issue | 43,113,655 |
Servalakshmi IPO offers 22,222,222 shares. 11,111,111 (50.00%) to QIB, 3,333,333 (15.00%) to NII, 7,777,778 (35.00%) to RII. 38,888 RIIs will receive minimum 200 shares and (sNII) and (bNII) will receive minimum 7,000 shares. (in case of oversubscription)
| 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%) |
Investors can bid for a minimum of 200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹5,800 |
| Retail (Max) | 34 | 6800 | ₹197,200 |
| Lot Size Calculator | |||
Mr. R. Ramswamy (Age: 70 years) - Chairman and Managing Director of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
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.
| KPI | Values |
|---|---|
| RoNW | -0.16% |
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.
The Servalakshmi IPO is subscribed 1.47 times on April 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 |
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.
| Listing Date | May 12, 2011 |
| BSE Script Code | 533401 |
| NSE Symbol | SERVALL |
| ISIN | INE431L01016 |
| Final Issue Price | ₹29 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹29.00 |
| ₹30.00 |
| ₹17.30 |
| ₹48.75 |
| ₹19.00 |
| NSE |
|---|
| ₹29.00 |
| ₹29.00 |
| ₹17.70 |
| ₹48.70 |
| ₹19.05 |
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/initial_offer/public-issues.html
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 April 27, 2011, and closes on April 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 April 27, 2011 and closes on April 29, 2011.
Servalakshmi IPO lot size is 200 Shares, and the minimum amount required is ₹5,800.
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, Nuvama, 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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