IPO ALERT

Servalakshmi Paper Limited
Price Band: Rs 27 to Rs 29
Issue Opens on: April 27, 2011 | Issue Closes on: April 29, 2011

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IPO  - ISSUE DETAILS Issue Opens: April 27, 2011 Issue Closes: April 29, 2011 Lot Size: 200 Shares & in multiples of 200 shares thereafter Price Band: Rs.27 - Rs.29 Issue size: Rs 60 crore

Issue Highlights (Source: BRLM/RHP)

Servalakshmi Paper Limited engaged in the business of manufacturing printing & writing paper and newsprint. It has total installed production capacity of 90000 MTPA. In printing and writing segment, they produce coated, uncoated, copier, cream wove, SS Maplitho, computer stationary and text/note book papers.


The company proposes to utilize the net proceeds of the issue for purchase of equipments for producing value added products, augmenting long term working capital requirement and to meet the preliminary & pre-operative expenses.