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Olympic Cards IPO is a book build issue of ₹23.37 crores. The issue is entirely a fresh issue of 0.78 crore shares of ₹23.37 crore.
Olympic Cards IPO bidding started from Mar 9, 2012 and ended on Mar 13, 2012. The shares got listed on BSE on Mar 28, 2012.
Olympic Cards IPO price band is set at ₹30.00 per share . The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,000 (200 shares). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Ashika Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Olympic Cards IPO RHP for detailed Information.
| IPO Date | March 9, 2012 to March 13, 2012 |
| Listing Date | March 28, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹30 to ₹32 per share |
| Issue Price Final | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 77,89,800 shares (aggregating up to ₹23.37 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 85,18,900 shares |
| Share Holding Post Issue | 1,67,69,900 shares |
Olympic Cards IPO offers total 82,51,000 shares. Out of which 41,25,500 (50.00%) allocated to QIB, 12,37,650 (15.00%) allocated to NII, 28,87,850 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 41,25,500 (50.00%) | NA |
| NII (HNI) Shares Offered | 12,37,650 (15.00%) | NA |
| Retail Shares Offered | 28,87,850 (35.00%) | 14,439 |
| Total Shares Offered | 82,51,000 (100.00%) |
Olympic Cards IPO opens on March 9, 2012, and closes on March 13, 2012.
| IPO Open Date | Fri, Mar 9, 2012 |
| IPO Close Date | Tue, Mar 13, 2012 |
| Tentative Listing Date | Wed, Mar 28, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 13, 2012 |
Investors can bid for a minimum of 200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (Max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (Min) | 167 | 33,400 | ₹10,02,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Olympic Cards IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of a new manufacturing unit near Chennai | 19.83 |
| 2 | Capital Expenditure for establishing 4 own retail outlets of the Company | 3.16 |
| 3 | Issue Expenses | 1.77 |
[Dilip Davda] <p>Aggressive pricing of the IPO makes it a bet only for the risk aver investors to park moderate funds for listing gains, if any. </p> Read detail review...
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.
| Listing Date | March 28, 2012 |
| BSE Script Code | 534190 |
| NSE Symbol | |
| ISIN | INE550L01013 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | T |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.95 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Olympic Cards Ltd.
Olympic Cards Ltd,
195 NSC Bose Road,
Chennai - 600001, Tamil Nadu
Chennai, Tamil Nadu
Phone: 91-44-42921000/25380652
Email: ipo@oclwed.com
Website: http://www.olympicweddingcards.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: olympic@cameoindia.com
Website: https://ipo.cameoindia.com/
Olympic Cards IPO is a main-board IPO of 77,89,800 equity shares of the face value of ₹10 aggregating up to ₹23.37 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on March 9, 2012, and closes on March 13, 2012.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Olympic Cards IPO using UPI as a payment gateway. Zerodha customers can apply in Olympic Cards IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Olympic Cards IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Olympic Cards IPO opens on March 9, 2012 and closes on March 13, 2012.
Olympic Cards IPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Olympic Cards IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Olympic Cards IPO listing date is on Wednesday, March 28, 2012.
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