Mumbai based Paramount Printpackaging IPO has got 2 out of 5 by ICRA (rating agency) and this rating/grading is ‘Below Average’ for a duplex board cartons company. The grade 2 indicates that the fundamentals of the IPO are ‘Below Average’ compared to the other listed securities in India. Paramount Printpackaging supplies different types of duplex board cartons to over 100 clients in various sectors like FMCG, pharma, electricals, auto ancillary and food.
The IPO proceeds will be used by Paramount Printpackaging Limited for setting up new facilities for manufacturing of high end duplex board cartons, shippers and printed corrugated box in Gujarat as well as augment the company”s long term working capital requirements. Currently, the company has the capacity to convert about 500 tons of paper board every month, which in terms of finished products works out to an average of 20 lakh cartons a day.
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 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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