SVPCL Limited IPO : SVPCL Limited is a leading paper products manufacturer in Souther India, the company proposes to enter the capital markets with an IPO of Rs 34.50 crore.
SVPCL IPO opens for subscription on 22nd October 2007 and the SVPCL Limited IPO closes for subscription on 26th October 2007. The Price band of the IPO is fixed at Rs 40-45 per equity share of Rs 10 each.
Total Issue size of the SVPCL Limited IPO is Rs 34.5 Crore, out of total issue size 50% is allocated for Qualified Institutional Buyers (QIB) , 15% is reserved for the Non Institutional Investors and the rest of the issue which is 35% is reserved for the retail insvestors of the SVPCL IPO.
SVPCL Limited is presently one of the largest paper product manufacturers in Southern India with production facilities spread strategically across Andhra Pradesh at Hyderabad, Vijayawada and Visakhapatnam Special Economic Zone. The company manufactures entire range of educational stationery like books , Computer Stationery, Paper products, General stationery and printing services.
The company plans to use the net proceeds from the issue to expand its existing manufacturing facilities in Hyderabad, Vijayawada and Visakhapatnam, to set up marketing infrastructure in 10 identified locations in the country, to enhance its long-term working capital requirements and to meet expenses of the issue.
Book Running Lead Managers to the svpcl IPO ar BOB Capital Markets Ltd and UTI Securities Limited.The Registrar for the svpcl Limited IPO is Aarthi Consultants.
Analysts havent particularly graded this IPO, the markets currently being in Volatile state, SVPCL IPO would not get much attention but being a very small issue the IPO is likely to get good subscription from the investors. Subscription in SVPCL IPO would be high, but personally i would prefer to avoid such issue.
The shares of the SVPCL Limited IPO are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchanges of India
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6 comments ↓
SVPCL Ipo is not coming neither in sensex nor in nse index. Please give allotment procedure of svpcl and latest price of svpcl
PLEASE GIVE DETAILS OF SVPCL ALLOTMENT/REFUND…………….
Plz provide status of allotment n listing date
Rajesh > Due to some non disclosures in the DRHP, SEBI has ordered SVPCL Limited to provide exit option to investors. So the best would be to exit from the IPO, contact the Registrar(Aarthi Consultants) for more information regarding the SVPCL withdrawl option.
i have applied for svpcl in oct 2007 and till date not received allotement nor refund kindly guide me.
the svpcl issue was in the month of oct 07 and i have applied for some share till date march end there is no allotment nor refund the company says it has applied to sat tiribunal .i do not know why for mistake of company not fullfilling legal formalities small investors are taken for the ride and unnecssary harrassed.
kindly guide.
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