Paramount Printpackaging Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 9th May 2011. The IPO was open between 20th Apr 2011 to 25th Apr 2011. The price band was Rs 32 to Rs 35 and the Issue Price was fixed at the upper level of price band, Rs 35 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs. 45.83 Crore. 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.
IPO Listing Detail :-
Listing Date: 9th May 2011
BSE Scrip Code : 533399
NSE Symbol : PARAPRINT
Listing In : ‘B’ Group of Securities
ISIN : INE702L01010
Issue Price : Rs. 175.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized 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 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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