Olympic Cards IPO (Initial Public Offering) : CRISIL gives 1 out of 5

by khalid on 14/06/2011 · 0 comments

Chennai based Olympic Cards Limited IPO (Initial Public Offering) has got 1 out of 5 by CRISIL (rating agency) and this rating/grading is ‘Poor’ for a invitation cards manufacturer and supplier company. The grade 1 indicates that the fundamentals of the IPO are ‘Poor’ compared to the other listed securities in India. Olympic Cards is the manufacturer and supplier of invitation cards for all occasions. Under the brand “OLYMPIC”, it manufacturers paper / board based products, with a strong presence in the southern India. It is also undertakes trading in printing inks. Its wedding invitation cards account for more than 45% of its total sales.

Promoters of the company are N M Habibullah and H Noor Mohamed.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The sole book running lead manager (BRLM) to the issue is Ashika Capital Limited .

Registrar of the Issue : Karvy Conputershare Private Limited, Hyderabad.

Stay tuned to BelltheBull Blog for more on Olympic Cards IPO !

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