Issue Price: Rs. 27 - Rs. 29 Per Equity Share

Issue Detail:
Issue Open: Apr 27, 2011 - Apr 29, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 60.00 Crore
Face Value: Rs. 10 Per Equity Share

Allotment Status:

Bid Details:
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 11,111,111  3,333,333  7,777,778  22,222,222 
 Day 1 - Apr 27, 2011 17:00 IST 0.0000 3.2000 0.2600 0.5700 
 Day 2 - Apr 28, 2011 17:00 IST 0.3100 4.6200 0.3900 0.9800 
 Day 3 - Apr 29, 2011 17:30 IST 0.3400 4.2100 1.9000 1.4700 

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.

Company Promoters:
Mr. R. Ramswamy (Age: 70 years) - Chairman and Managing Director of the company.