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Servalakshmi Paper, engaged in the business of manufacturing printing and writing paper and newsprint, has received SEBI nod for its proposed IPO. The company proposes to enter capital markets with a public issue of equity shares aggregating Rs 60 crore through 100% book building process.
The company proposes to utilize the net proceeds of the issue for purchase of equipments for producing value added products, augmenting long term working capital requirement and to meet the preliminary & pre-operative expenses.
Keynote Corporate Services Limited is the book running lead manager to the issue and Indian Overseas Bank is the co
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