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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 – and providing solution, etc. It’s a single platform, where most of the customer’s 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 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.
| IPO Date | Mar 9, 2012 to Mar 13, 2012 |
| Listing Date | Wednesday, March 28, 2012 |
| Face Value | ₹10 per share |
| Price | ₹30 to ₹32 per share |
| Lot Size | 200 Shares |
| Issue Size | 8,333,333 shares of ₹10 (aggregating up to ₹25.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Company Promoters | The promoters of the company are: Mr. H. Noor Mohamed |
The Olympic Cards IPO lot size is 200 shares. A retail-individual investor can apply for up to 31 lots (6200 shares or ₹198,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,400 |
| Retail (Max) | 31 | 6200 | ₹198,400 |
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.
Aggressive pricing of the IPO makes it a bet only for the risk aver investors to park moderate funds for listing gains, if any.
Read detail review...The Olympic Cards IPO is subscribed 0.99 times on Mar 13, 2012 7:00:00 PM. The public issue subscribed 1.36 times in the retail category, 0.00 times in the QIB category, and 3.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 3.44 |
| Retail | 1.36 |
| Total | 0.99 |
| Listing Date | Wednesday, March 28, 2012 |
| BSE Script Code | 534190 |
| NSE Symbol | |
| Listing In | T Group of Securities |
| ISIN | INE550L01013 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
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Olympic Cards Ltd
Olympic Cards Ltd,
195 NSC Bose Road,
Chennai - 600001, Tamil Nadu
Phone: 91-44-42921000/25380652
Email: ipo@oclwed.com
Website: http://www.olympicweddingcards.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: olympic@cameoindia.com
Website: https://ipo.cameoindia.com/
Olympic Cards IPO is a main-board IPO of 8,333,333 equity shares of the face value of ₹10 aggregating up to ₹25.00 Crores. The issue is priced at ₹30 to ₹32 per share. The minimum order quantity is 200 Shares.
The IPO opens on Mar 9, 2012, and closes on Mar 13, 2012.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Olympic Cards IPO opens on Mar 9, 2012 and closes on Mar 13, 2012.
Olympic Cards IPO lot size is 200 Shares and the minimum order quantity is .
You can apply in Olympic Cards IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Olympic Cards IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Olympic Cards IPO allotment status.
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