The Olympic Cards IPO is a Rs 25.00 crore book-built issuance. Bidding for the Olympic Cards IPO began on March 9, 2012 and finished on March 13, 2012. On March 28, 2012, the shares were listed on the BSE. The Olympic Cards IPO pricing range is $30 to $32 per share. An application requires a minimum lot size of 200 shares. Retail investors must make a minimum investment of $6,400.
Olympic Cards Ltd., founded in 1961, is a manufacturer and supplier of invitation cards for all events. They are a significant maker of paper and board-based products, primarily in southern India. Currently, the company manufactures and trades wedding cards, greeting cards, envelopes, letterheads, business cards, calendars, notebooks, account books, and so on. They are also involved in the printing ink business. Olympic Cards exports their products to nations such as Malaysia, Singapore, Sri Lanka, and Dubai, including wedding cards, greeting cards, visiting cards,
envelopes, and printing inks. They intend to increase their market presence both within and outside of India. Olympic provides a variety of services to its customers, such as proof mailing, shipping items at their request, answering questions and providing solutions, and so on. It is a single platform where the majority of the customer’s needs for any type of ceremony or occasion are met. In terms of client pleasure, they also provide a free service of reminder SMS to their guests two days prior to the function.
Olympic Cards IPO Details
|IPO Date||March 9, 2012 to March 13, 2012|
|Listing Date||March 28, 2012|
|Face Value||₹10 per share|
|Price Band||₹30 to ₹32 per share|
|Lot Size||200 Shares|
|Total Issue Size||8,333,333 shares
(aggregating up to ₹25.00 Cr)
|Issue Type||Book Built Issue IPO|
Olympic Cards IPO Lot Size
Olympic Cards IPO Reservation
|Investor Category||Shares Offered||Maximum Allottees|
|Anchor Investor Shares Offered||–||NA|
|QIB Shares Offered||4,166,666 (50.00%)||NA|
|NII (HNI) Shares Offered||1,250,000 (15.00%)|
|Retail Shares Offered||2,916,667 (35.00%)||14,583|
|Total Shares Offered||8,333,333 (100%)|
Objects of the Issue (Olympic Cards IPO Objectives)
The objects of the issue are to finance:
- Setting up of a new manufacturing unit near Chennai;
- Capital Expenditure for establishing four retail outlets of the Company;
- Meet Issue Expenses.
Olympic Cards IPO Listing Details
|Listing Date||March 28, 2012|
|BSE Script Code||534190|
|Final Issue Price||₹30 per share|
Listing Day Trading Information
|Final Issue Price||₹30.00|
Olympic Cards IPO FAQs
Q1. What is the Olympic Cards IPO?
Ans. Olympic Cards IPO is a main-board IPO of 8,333,333 equity shares with a face value of ₹10, aggregating up to ₹25.00 crore. The issue is priced at ₹30 to ₹32 per share. The minimum order quantity is 200 shares. The IPO opens on March 9, 2012, and closes on March 13, 2012.
Q2. When Olympic Cards IPO will open?
Ans. The Olympic Cards IPO opens on March 9, 2012 and closes on March 13, 2012.
Q3. What is the lot size of the Olympic Cards IPO?
Ans. Olympic Cards IPO lot size is 200 shares, and the minimum amount required is ₹6,400.
Q4. When is Olympic Cards IPO listing date?
Ans. The Olympic Cards IPO listing date is on March 28, 2012.