What happened to Servalakshmi Paper Limited?

Servalakshmi Paper Limited, a Tamil Nadu-based paper manufacturer, went into insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). The company's assets were sold through the liquidation process in 2022, effectively ending its operations. The share price has fallen to ₹0.01, reflecting near-total loss of equity value.

Is there any investment value in Servalakshmi Paper Limited shares?

No. The company has been liquidated under IBC proceedings. Equity shareholders are last in the waterfall of claims after secured and unsecured creditors. The share price of ₹0.01 reflects the residual equity value, which is effectively nil.

What did Servalakshmi Paper Limited manufacture?

Servalakshmi Paper Limited was a paper manufacturer based in Coimbatore, Tamil Nadu, producing paper products from its manufacturing facilities before insolvency proceedings were initiated.

How do I buy Servalakshmi Paper Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Servalakshmi Paper Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Servalakshmi Paper Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Servalakshmi Paper Limited Unlisted Share Price | Buy Servalakshmi Paper Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Servalakshmi Paper Limited Unlisted Share Price | Buy Servalakshmi Paper Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Servalakshmi Paper Limited (CIN: L21012TN2005PLC092783) is a Tirunelveli-based paper manufacturer that went through IBC liquidation proceedings. NCLT Chennai approved the acquisition of its assets by Seshasayee Paper & Board Limited on May 12, 2023 via an e-bidding process. The 75,000 TPA paper plant, which had been non-operational for several years, is expected to be refurbished by Seshasayee. The company as an independent entity has ceased to exist — it is now classified as Under Liquidation with assets transferred to SPBL.

Pros

Assets acquired by established player Seshasayee Paper & Board Ltd (SPBL) — strategic consolidation of Tamil Nadu paper sector
Located in Tirunelveli — established industrial paper manufacturing belt
Paid-up capital ₹43.11 Cr reflects prior large-scale plant investment

Cons

Status: Under Liquidation — company is legally dissolved via IBC/NCLT process
Assets sold to Seshasayee Paper via e-bidding; NCLT order passed May 12, 2023
Plant had not been operational for years prior to liquidation
No ongoing business activity — company no longer an independent entity
Creditors and shareholders face significant haircuts typical of liquidation proceedings

Business Segments

Paper manufacturing — manufacture of paper and paper products (NIC 210); Kodaganallur Village, I.C.Pettai, Tirunelveli, Tamil Nadu

Revenue Model

Servalakshmi Paper Limited previously generated revenue from manufacturing and selling paper products. Following liquidation under IBC in 2022, the company no longer has active operations or revenue generation.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds2

Industry Headwinds

No operational recovery possible post-liquidation

Equity shares have no underlying asset backing following IBC asset sale

Rating drivers & sensitivity

Recent Developments

NCLT Chennai order (May 12, 2023): Seshasayee Paper & Board Ltd (SPBL) acquires Servalakshmi Paper assets via IBC liquidation e-bidding

Seshasayee plans to refurbish/upgrade the 75,000 MT TPA machinery — capacity expected operational by 2024

Company email: secretarial@servalakshmi.in (IBBI contact for claims)

Comparable Companies

CompanyTypeTickerMkt Cap

Tamil Nadu Newsprint and Papers (TNPL)Tamil Nadu-based paper manufacturer (PSU)Regional Competitor——

Tamil Nadu Newsprint and Papers (TNPL)Regional Competitor

Tamil Nadu-based paper manufacturer (PSU)

Frequently Asked Questions

About Servalakshmi Paper Limited

Servalakshmi Paper Limited was a Tamil Nadu-based paper manufacturer that went into insolvency proceedings under IBC. The company's assets were sold through the liquidation process in 2022, ending its operations. Servalakshmi operated paper and paperboard manufacturing facilities and was a mid-sized player in South India's paper industry before financial distress led to its collapse.

Key Milestones

2005 — Incorporated as Servalakshmi Paper Limited, ROC Chennai, Tirunelveli, Tamil Nadu

Commenced paper manufacturing operations with ~75,000 TPA capacity at Tirunelveli plant

2022 — Liquidation process: Liquidator issued Letter of Intent to Seshasayee Paper & Board Ltd on 20 Sep 2022

Common questions about unlisted shares

How do I buy Servalakshmi Paper Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Servalakshmi Paper Limited

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