SVPCL initial offer to open on Oct 22
SVPCL Ltd's Rs 34.5-crore initial public offering will open for subscription on Oct 22. The issue will be made through book building route in the price band Rs 40-45 per equity share of Rs 10 each. The issue closes Oct 26.
By INDIATIMES NEWS NETWORK |
MUMBAI: SVPCL Ltd's Rs 34.5-crore initial public offering will open for subscription on Oct 22. The issue will be made through book building route in the price band Rs 40-45 per equity share of Rs 10 each. The issue closes Oct 26.
The company intends to utilise the net proceeds from the issue to fund expansion of facilities at Hyderabad, Vijayawada and Vishakhapatnam. It also plans to equip Vishakapatnam facility with modern processing and printing equipments.
SVPCL is one of the leading paper product manufacturers in south India. It manufactures the entire range of educational stationery like books, computer stationery, paper products, general stationery and printing services.
The company's total income grew 153 per cent to Rs 71.42 crore in 2006-07 (Apr-Mar) from Rs 28.13 crore a year ago while net profit rose to Rs 5.94 crore from Rs 31.23 lakh previous year.
The company intends to utilise the net proceeds from the issue to fund expansion of facilities at Hyderabad, Vijayawada and Vishakhapatnam. It also plans to equip Vishakapatnam facility with modern processing and printing equipments.
SVPCL is one of the leading paper product manufacturers in south India. It manufactures the entire range of educational stationery like books, computer stationery, paper products, general stationery and printing services.
The company's total income grew 153 per cent to Rs 71.42 crore in 2006-07 (Apr-Mar) from Rs 28.13 crore a year ago while net profit rose to Rs 5.94 crore from Rs 31.23 lakh previous year.
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