Olympic Cards IPO (Initial Public Offering) : Finally subscribed 0.99 times

by khalid on 13/03/2012 · 2 comments

Olympic Cards Initial Public Offering

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 equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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

Registrar of the Issue : Cameo Corporate Services Limited Chennai.

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

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