SVPCL Limited IPO : SVPCL IPO likely to get hit due to P-Note crisis

Date October 20, 2007

SVPCL Limited IPO is likely to be a victim of the P-Note crisis. After the Rathi Bars IPO, the SVPCL Limited IPO now faces the heat due to SEBI’s actions last week, to come down heavily on P-Notes. SVPCL Limited IPO opens for subscription on October 22 2007 and will remain open for subscription till October 26, 2007. SVPCL Limited being a small paper products company, also has the lack of growth and hence attractiveness of the industry as a whole, going against it. The price band for the SVPCL IPO has been fixed at Rs 40-45 per equity share. Give the SVPCL Limited IPO a skip.

Category Posted in IPO India