Sundaram Multi Pap (SMPL) has received an approval for issue and allotment of 2,60,00,000 equity shares of face value of Rs 1 each to the Qualified Institutional Buyers (QIBs) at the issue price of Rs 3.05 per equity share including premium of Rs 2.05 per equity share aggregating to Rs 7.93 crore. The board of directors at its meeting held on October 11, 2017 has approved for the same.
Sundaram Multi Pap (SMPL) is engaged in the manufacture of notebooks, account books, other paper stationery products, Kraft paper and trading of office paper stationery. Its operating facilities are located at Palghar, Nagpur and Kandla (SEZ facility). It sells its products in local as well as exports market.
Company Name | CMP |
---|---|
JK Paper | 384.00 |
TN Newsprints | 249.85 |
West Coast Paper | 592.25 |
Emami Paper Mills | 110.35 |
Andhra Paper | 499.30 |
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