The IPO of Olympic Cards Limited has received a very poor response from the investors with the final day subscription figure just reached to 0.99 times on an overall basis. Olympic Cards IPO was open on 9th March 2012 and got closed on 13th March 2012 for subscription. The IPO has managed to get a better response from Non Institutional Investors (NIIs) Category where it overbid by 3.43 times on the final day of subscription. The price band for the issue was Rs 30 Per Equity Share at lower level and Rs 32 at upper level. Olympic Cards Limited 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.
The category-wise subscription status of IPO on closing of the final day is given below:-
Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 3.43 times
Retail Individual Investors : 1.36 times
Overall : 0.99 times
The Book running lead manager (BRLM) to the issue is Ashika Capital Limited.
Registrar of the Issue : Cameo Corporate Services Limited Chennai.
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