Paramount Printpackaging IPO : Subscribed 0.12 times on Day 1

by khalid on 20/04/2011 · 0 comments

The IPO of Paramount Printpackaging Limited has received a very little response from the investors with the 1st day subscription figure reached to just 0.12 times on an overall basis. Paramount Printpackaging IPO is open on 20th Apr 2011 and will get closed on 25th Apr 2011 for subscription. The IPO has managed to get a good response from Qualified Institutional Buyers (QIBs) Category where it overbid by 0.23 times on the 1st 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 1st day is given below:-

Qualified Institutional Buyers (QIBs) : 0.23 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 0.03 times
Overall : 0.12 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.

Stay tuned to BelltheBull Blog for more news on Paramount Printpackaging IPO !

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