Servalakshmi Paper IPO : Settled at 34.48% discount on debut

by khalid on 12/05/2011 · 0 comments

Servalakshmi Paper Limited’s shares got debuted at Rs 29.00, a flat rate over its initial public offering (IPO) price of Rs 29.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 19.05 which is a discount of huge 34.48% over the issue price of Rs 29.00. The stock hit a high of Rs. 29.00 and low of Rs. 17.70 on the listing day 12th May 2011. A total of 147,017,375 shares changed hands on the NSE. Servalakshmi Paper Limited is engaged in the business of manufacturing printing and writing paper and newsprint.

Listing day Summary :-
Listing Date: 12th May 2011
BSE Scrip Code : 533401
Listing In : ‘B’ Group of Securities
ISIN : INE431L01016
Issue Price : Rs. 29.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 29.00
Open : Rs. 29.00
High : Rs. 48.70
Low : Rs. 17.70
Close : Rs. 19.05
Last Trade : Rs. 19.05

Servalakshmi Paper Limited has raised Rs 60.00 crore through an initial public offering of 20,689,655 equity shares.

Stay tuned to BelltheBull Blog for more news on Servalakshmi Paper Limited !

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