The IPO of Paramount Printpackaging Limited has received a so so response from the investors with the final day subscription figure reached to 3.92 times on an overall basis. Paramount Printpackaging IPO opens on 20th Apr 2011 and got closed today on 25th Apr 2011 for subscription. The IPO has managed to get a good response from Retail Individual Investors Category where it overbid by 9.31 times on the final day of subscription. The price band for the issue is Rs 32 at lower level and Rs 35 at upper level. Paramount Printpackaging Paramount supplies different types of duplex board cartons to over 100 clients in various sectors like FMCG, pharma, electricals, auto ancillary and food.
The category-wise subscription status of IPO on closing of final day is given below:-
Qualified Institutional Buyers (QIBs) : 0.33 times
Non Institutional Investors : 3.28 times
Retail Individual Investors : 9.31 times
Overall : 3.92 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 Sole Book Running Lead Manager (BRLM) to the offer is Onelife Capital Advisors Limited Mumbai.
Registrar of the Issue : Sharepro Services (India) Private Limited, Mumbai.
Company filed DRHP with SEBI in September 2010.
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