Servalakshmi Paper IPO to hit markets on April 27, 2011

The Initial Public Offering (IPO) of Servalakshmi Paper Limited will open for subscription by investors on April 27, 2011. The company is coming out with Public issue of equity shares of Rs. 10/- each aggregating Rs. 6000 lacs. The equity share of Rs.10 has been priced at a price band of Rs.27 to Rs.29 through 100% book building process.

The Minimum Order Quantity is 200 Equity Shares and in multiples of 200 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency ICRA has assigned IPO Grading of ICRA IPO GRADE 2.

Keynote corporate services limited is the Book Running Lead Manager to the issue. Indian Overseas bank is the Co Book Running Lead Manager to the public issue.

Keynote Capitals Limited is the syndicate member to the issue. Link Intime India Private Limited is the registrar to the company.

The IPO closes for subscription on April 29, 2011.

Source : Equity Bulls

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