Tuesday, April 26, 2011

IPO Alert for April 27

SERVALAKSHMI PAPER LIMITED

Issue Open : April 27, 2011
Issue close : April 29, 2011
Price Band : Rs. 27 - Rs. 29 Per Equity Share
Minimum Bid Size: 200 Equity Shares
Face Value : Rs. 10 Per Equity Share
Issue Type : 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 200000

Incorporated in 2005, Servalakshmi Paper Limited engaged in the business of manufacturing Printing & Writing Paper and Newsprint. Company 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.

ICRA has assigned IPO GRADE as 2 Which means ' Below Average Fundamentals '

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