SVPCL IPO opens on Oct.22
SVPCL`s Rs 34 cr IPO opens on Oct.22
Paper manufacturer SVPCL is coming out with an initial public offering (IPO) of Rs 34 crs, to fund its expansion plans, reports Business Line.
The company`s IPO will be open for subscription from October 22 to October 26. The price band for the issue has been fixed at Rs 40-45 a share of Rs 10 each.
SVPCL will utilize the proceeds of the IPO to expand its manufacturing facilities in Hyderabad, Vijayawada and Visakhapatnam. It also plans to set up marketing infrastructure in 10 identified locations in the country.
BOB Capital Markets is will be the book running lead manager for the issue and UTI Securities is the co- book running lead manager.
