Bookbuilding IPO | ₹23 Cr | Listed at BSE | Fri, Mar 9, 2012 - Tue, Mar 13, 2012
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 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,400 (200 shares) (based on upper price). 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 Open
Fri, Mar 9, 2012
IPO Close
Tue, Mar 13, 2012
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹50.31 Cr
| IPO Date | 9 to 13 Mar, 2012 |
| Listed on | Wed, Mar 28, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹32 |
| Issue Price | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 77,89,800 shares (agg. up to ₹23 Cr) |
| Fresh Issue | 77,89,800 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 85,18,900 shares |
| Share Holding Post Issue | 1,67,69,900 shares |
| BSE Script Code | 534190 |
| ISIN | INE550L01013 |
Olympic Cards IPO comprises a total issue size of 82,51,000 shares. Out of which, 41,25,500 (50.00%) are allocated to QIB, 12,37,650 (15.00%) allocated to NII 28,87,850 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 94.35% | 47.93% |
| Market Cap | ₹50.31 Cr. |
The Olympic Cards IPO is subscribed 0.99 times on March 13, 2012 7:00:00 PM (Day 3). The public issue subscribed 1.36 times in the retail category, 0 times in the QIB category, and 3.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0 | 41,66,666 | |
| NII | 3.44 | 12,50,000 | |
| Retail | 1.36 | 29,16,667 | |
| Total | 0.99 | 83,33,333 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Listing Fees & expenses of SEBI | 0.13 |
| 2 | Fees payable to the Book Running Lead Manager | 0.58 |
| 3 | Fees payable to the Registrar to the Issue | 0.03 |
| 4 | Underwriting and selling commission | 0.12 |
| 5 | Advertising and marketing expenses | 0.29 |
| 6 | Commission to SCSBs and Syndicate Members | 0.14 |
| 7 | IPO Grading expenses | 0.02 |
| 8 | Others (legal fees, printing and stationery expenses, etc.) | 0.45 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.95 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Lead Manager Reports
Olympic Cards IPO is a main-board IPO of 77,89,800 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on Fri, Mar 9, 2012, and closes on Tue, Mar 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 Fri, Mar 9, 2012 and closes on Tue, Mar 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 Wed, Mar 28, 2012.
