Incorporated in 1961, Olympic Cards Ltd is the Manufacturer and Supplier of Invitation cards for all occasions. They are one of the leading manufacturers of paper / board based products, with a presence mainly in southern India. Company is presently in the business of manufacturing and trading Wedding Cards, Greeting Cards, Envelopes, Letter Heads, Business Cards, Calendars, Notebooks, Account Books, etc. They are also trading in the business of printing inks.
Olympic Cards export their products including Wedding cards, Greeting cards, Visiting cards, Envelopes and Printing inks to foreign countries such as Malaysia, Singapore, Sri Lanka & Dubai. They have plans to expand their market presence both within and outside India. Olympic offer various facility to its customers like proof mailing, transporting the goods to their request, attending their queries – and providing solution, etc. It’s a single platform, where most of the customer’s needs are satisfied for any kind of ceremonies and function. As for the customer satisfaction they also give them free service of reminder-sms to their guest from 2 days earlier to the function.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Setting up of a new manufacturing unit near Chennai | ₹20 |
| 2 Capital Expenditure for establishing 4 own retail outlets of the Company | ₹3 |
| 3 Issue Expenses | ₹2 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 4,125,500 (50%) | — |
| NII / HNI | — | 1,237,650 (15%) | — |
| Retail (RII) | — | 2,887,850 (35%) | — |
| Total | — | 8,251,000 (100%) | — |
* Amount calculated at upper price band (₹32) · ** Total includes all investor categories
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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