Bookbuilding IPO | ₹60 Cr | Listed at BSE, NSE | Wed, Apr 27, 2011 - Fri, Apr 29, 2011
Servalakshmi Paper IPO is a book build issue of ₹60.00 crores. The issue is entirely a fresh issue of 2.07 crore shares of ₹60.00 crore.
Servalakshmi Paper IPO bidding started from Apr 27, 2011 and ended on Apr 29, 2011. The shares got listed on BSE, NSE on May 12, 2011.
Servalakshmi Paper IPO price band is set at ₹29 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹5,800 (200 shares) (based on upper price). The lot size investment for sNII is 35 lots (7,000 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (34,600 shares), amounting to ₹10,03,400.
Indian Overseas Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Servalakshmi Paper IPO RHP for detailed Information.
IPO Open
Wed, Apr 27, 2011
IPO Close
Fri, Apr 29, 2011
Issue Price
₹29 per share
Market Cap (Pre-IPO)
₹125.03 Cr
| IPO Date | 27 to 29 Apr, 2011 |
| Listed on | Thu, May 12, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹29 |
| Issue Price | ₹29 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,06,89,656 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 2,06,89,656 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 2,24,24,000 shares |
| Share Holding Post Issue | 4,31,13,655 shares |
| BSE Script Code / NSE Symbol | 533401 / SERVALL |
| ISIN | INE431L01016 |
Servalakshmi Paper IPO comprises a total issue size of 2,06,89,656 shares. Out of which, 1,03,44,828 (50.00%) are allocated to QIB, 31,03,448 (15.00%) allocated to NII 72,41,380 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,03,44,828 | 50.00% | NA |
| NII (HNI) Shares Offered | 31,03,448 | 15.00% | NA |
| Retail Shares Offered | 72,41,380 | 35.00% | 36,206 |
| Total Shares Offered | 2,06,89,656 | 100.00% |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹5,800 |
| Retail (Max) | 34 | 6,800 | ₹1,97,200 |
| S-HNI (Min) | 35 | 7,000 | ₹2,03,000 |
| S-HNI (Max) | 172 | 34,400 | ₹9,97,600 |
| B-HNI (Min) | 173 | 34,600 | ₹10,03,400 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of equipments for value added products | 2.50 |
| 2 | Long term working capital requirement | 3.00 |
| KPI | |
|---|---|
| RoNW | -0.16% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | |
| Market Cap | ₹125.03 Cr. |
The Servalakshmi IPO is subscribed 1.47 times on April 29, 2011 5:30:00 PM (Day 3). The public issue subscribed 1.9 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.34 | 1,11,11,111 | |
| NII | 4.21 | 33,33,333 | |
| Retail | 1.9 | 77,77,778 | |
| Total | 1.47 | 2,22,22,222 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries | 1.95 |
| 2 | Advertising and Marketing Expenses | 0.95 |
| 3 | Commission/ Fees to SCSBs | 0.25 |
| 4 | Printing and Stationary & Distribution | 1.15 |
| 5 | Others | 0.70 |
| 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 |
Lead Manager Reports
Servalakshmi Paper IPO is a main-board IPO of 2,06,89,656 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹29 per share. The minimum order quantity is 200.
The IPO opens on Wed, Apr 27, 2011, and closes on Fri, Apr 29, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Servalakshmi Paper IPO using UPI as a payment gateway. Zerodha customers can apply in Servalakshmi Paper IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Servalakshmi Paper IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Servalakshmi Paper IPO opens on Wed, Apr 27, 2011 and closes on Fri, Apr 29, 2011.
Servalakshmi Paper IPO lot size is 200, and the minimum amount required for application is ₹5,800.
You can apply in Servalakshmi Paper IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Servalakshmi Paper IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Servalakshmi Paper IPO allotment status.
The Servalakshmi Paper IPO listing date is on Thu, May 12, 2011.
