Incorporated in 1961, Olympic Cards Ltd is the Manufacturer and Supplier of Invitation cards for all occasions. They are one of the leading manufacturers of paper / board based products, with a presence mainly in southern India. Company is presently in the business of manufacturing and trading Wedding Cards, Greeting Cards, Envelopes, Letter Heads, Business Cards, Calendars, Notebooks, Account Books, etc. They are also trading in the business of printing inks.
Olympic Cards export their products including Wedding cards, Greeting cards, Visiting cards, Envelopes and Printing inks to foreign countries such as Malaysia, Singapore, Sri Lanka & Dubai. They have plans to expand their market presence both within and outside India. Olympic offer various facility to its customers like proof mailing, transporting the goods to their request, attending their queries Ė and providing solution, etc. Itís a single platform, where most of the customerís needs are satisfied for any kind of ceremonies and function. As for the customer satisfaction they also give them free service of reminder-sms to their guest from 2 days earlier to the function.
The promoters of the company are:
Mr. H. Noor Mohamed
Mrs. S. Jarina
The objects of the Issue are to finance:
1. Setting up of a new manufacturing unit near Chennai;
2. Capital Expenditure for establishing 4 own retail outlets of the Company;
3. Meet Issue Expenses.
»» Issue Open: Mar 9, 2012 - Mar 13, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 8,333,333 Equity Shares of Rs. 10
»» Issue Size: Rs. 25.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 30 - Rs. 32 Per Equity Share
»» Market Lot: 200 Shares
»» Minimum Order Quantity: 200 Shares
»» Listing At: BSE
CRISIL has assigned an IPO Grade 1 to Olympic Cards IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||4,166,666||1,250,000||2,916,667||8,333,333|
|Day 1 - Mar 9, 2012 17:00 IST||0.0000||0.0000||0.0689||0.0241|
|Day 2 - Mar 12, 2012 17:00 IST||0.0000||1.4600||0.4600||0.3800|
|Day 3 - Mar 13, 2012 19:00 IST||0.0000||3.4382||1.3637||0.9930|
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