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South based Paper / board based products manufacturer Olympic Cards is going to tap capital markets with Rs 25 crore IPO on March 9, 2012.
Company has fixed the issue price band at Rs 30-32 a share. Investor can bid for minimum 200 equity shares and in multiples of 200 shares thereafter. The issue will close for subscription on March 13.
Under the brand 'OLYMPIC', company is engaged in the business of manufacturing and trading wedding cards, greeting cards, envelopes, letter heads, business cards, calendars, notebooks, account books, etc. It is also trading in business of printing inks. Wedding invitation cards business contributes 45% to total group sales.
Olympic Cards intends to spend IPO money for setting up of a new manufacturing unit near Chennai (with an outlay of Rs 17.755 crore) and establishing four own retail outlets (with cost of Rs 3.16 crore).
Presently the company manufactures products from its factory in Chennai. As a part of the expansion plan, it proposes to set up a new factory at Kannigaiper, near Chennai. It has already purchased 5.65 acres of land for the purpose.
Olympic Cards is presently operating through direct outlets located at various places across Tamil Nadu. It has 6 own retail outlets. It is currently operating through 5 franchisee outlets as well and intends to set up more franchisee outlets so that there is more equitable distribution of its outlets across the country.
As on March 31, 2011, company has debt of more than Rs 17 crore on its books. In FY11, it reported a net profit of Rs 2.19 crore on total income of Rs 45.72 crore.
Ashika Capital Limited is the book running lead manager to the issue.
05 March 2012
Olympic Cards Rs 25-cr IPO to open on March 9 (Moneycontrol)
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Visit http://indiaer.blogspot.com/ for complete details �� ��
South based Paper / board based products manufacturer Olympic Cards is going to tap capital markets with Rs 25 crore IPO on March 9, 2012.
Company has fixed the issue price band at Rs 30-32 a share. Investor can bid for minimum 200 equity shares and in multiples of 200 shares thereafter. The issue will close for subscription on March 13.
Under the brand 'OLYMPIC', company is engaged in the business of manufacturing and trading wedding cards, greeting cards, envelopes, letter heads, business cards, calendars, notebooks, account books, etc. It is also trading in business of printing inks. Wedding invitation cards business contributes 45% to total group sales.
Olympic Cards intends to spend IPO money for setting up of a new manufacturing unit near Chennai (with an outlay of Rs 17.755 crore) and establishing four own retail outlets (with cost of Rs 3.16 crore).
Presently the company manufactures products from its factory in Chennai. As a part of the expansion plan, it proposes to set up a new factory at Kannigaiper, near Chennai. It has already purchased 5.65 acres of land for the purpose.
Olympic Cards is presently operating through direct outlets located at various places across Tamil Nadu. It has 6 own retail outlets. It is currently operating through 5 franchisee outlets as well and intends to set up more franchisee outlets so that there is more equitable distribution of its outlets across the country.
As on March 31, 2011, company has debt of more than Rs 17 crore on its books. In FY11, it reported a net profit of Rs 2.19 crore on total income of Rs 45.72 crore.
Ashika Capital Limited is the book running lead manager to the issue.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
South based Paper / board based products manufacturer Olympic Cards is going to tap capital markets with Rs 25 crore IPO on March 9, 2012.
Company has fixed the issue price band at Rs 30-32 a share. Investor can bid for minimum 200 equity shares and in multiples of 200 shares thereafter. The issue will close for subscription on March 13.
Under the brand 'OLYMPIC', company is engaged in the business of manufacturing and trading wedding cards, greeting cards, envelopes, letter heads, business cards, calendars, notebooks, account books, etc. It is also trading in business of printing inks. Wedding invitation cards business contributes 45% to total group sales.
Olympic Cards intends to spend IPO money for setting up of a new manufacturing unit near Chennai (with an outlay of Rs 17.755 crore) and establishing four own retail outlets (with cost of Rs 3.16 crore).
Presently the company manufactures products from its factory in Chennai. As a part of the expansion plan, it proposes to set up a new factory at Kannigaiper, near Chennai. It has already purchased 5.65 acres of land for the purpose.
Olympic Cards is presently operating through direct outlets located at various places across Tamil Nadu. It has 6 own retail outlets. It is currently operating through 5 franchisee outlets as well and intends to set up more franchisee outlets so that there is more equitable distribution of its outlets across the country.
As on March 31, 2011, company has debt of more than Rs 17 crore on its books. In FY11, it reported a net profit of Rs 2.19 crore on total income of Rs 45.72 crore.
Ashika Capital Limited is the book running lead manager to the issue.
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