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Issue Open Date
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09-Mar-12
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Issue Closing Date
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13-Mar-12
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Application Money
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100
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Allotment Money
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Price Band
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30
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32
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Minimium Application No.
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200
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Issue Size (Shares)
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8251000
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Market Lot
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1
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Objective
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The objects of the Issue are to finance:1. Setting up of a new manufacturing unit at the newly acquired site near Chennai.2. Capital Expenditure towards establishment of 4 own retail outlets of the Company in southern region of India.3. General corporate purposes.4. Meet Issue Expenses.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1250000
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0
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Qualified Institutional Buyers
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4166666
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0
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Retail Individual Investors
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2916667
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0
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Business Description
Our Company was originally incorporated as ‘Olympic Business Credits (Madras) Private Limited’ on April 21,1992 under the Companies Act, 1956 at Chennai vide Certificate of Incorporation issued by the Registrar ofCompanies, Tamil Nadu, Chennai (‘ROC’). The Company was converted into a Public Limited Company witheffect from March 22, 1995 and the name of our Company was changed to Olympic Cards Limited with effect fromMay 13, 1998.Initially, in November, 1962, Mr. N. M. Habibullah, father of our Promoter Mr. H. Noor Mohamed started businessunder the name of “Olympia Paper & Stationery Stores”, a Proprietorship concern. The Proprietorship concern waslater converted into a Partnership firm in the year 1974 with its partners being Mr. H. Noor Mohamed and Mr. H.Salahudeen, both brothers. Originally, the Partnership firm was engaged in the business of manufacturing andtrading of Wedding Cards, Greeting Cards, Office Envelopes and Papers & Boards and later on confined to tradingof diaries. In 1992, the group established a Private Limited Company named “Olympic Business Credits (Madras)Private Limited” which was later on converted into a Public Limited Company. The Company was formed mainlywith a view to capture the market of wedding cards and other associated products, like Greeting Cards, OfficeEnvelopes, Cloth-lined Covers, Student Notebooks, Account Books, Files, etc., and continued to carve a niche foritself in its segment of business. In the year 2003, the Group started partnership firm named “Olympic PaperProducts” for the purpose of trading in various kinds of disposable paper products. In the next year, i.e. 2004, theGroup started another partnership firm named “Olympic Plastic Products” for the purpose of carrying on thebusiness of manufacturing and trading in different kinds of disposable plastic products. In the same year, Mr. H.Noor Mohamed and Mr. H. Salahudeen Babu, both brothers, decided to do the business independently withmutually agreed terms and conditions. Further, they have agreed to use the brand name “Olympic” and have agreednot to sell, lease or otherwise dispose the brand name to any other person other than their children and theirsuccessors.Under the brand “OLYMPIC”, we are one of the leading manufacturers of paper / board based products, with astrong presence in the southern India. Our Company is presently engaged in the business of manufacturing andtrading Wedding Cards, Greeting Cards, Envelopes, Letter Heads, Business Cards, Calendars, Notebooks, AccountBooks, etc. We are also trading in the business of printing inks. Our premier product is WEDDING INVITATIONCARDS accounting for more than 45% of total group sales. Our invitation cards for Bharatha Natya Arangetram andbrochures for Arangetram functions are most popular among the Non- Resident Indians who are nurturing Indiantraditions to their children abroad. During the year 2000-01, we began export of our products including Weddingcards, Greeting cards, Visiting cards, Envelopes and Printing inks to foreign countries such as Malaysia, Singapore,Sri Lanka & Dubai. We have plans to expand both our market presence within and outside India.
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Promoter's Holding
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Total Share Capital
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8518900
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Offered to Public
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8181000
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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51.87
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Address |
195
N. S. C. Bose Road
Chennai,
Tamil Nadu,
600001
Phone : +91-44-42921000/+91-44-25380652
Email : office@oclwed.com
Website : www.olympicweddingcards.com
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Registrar |
Cameo Corporate Services Ltd
Subramanian Buildings No 1
Club House Road
Chennai
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Listed at |
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BSE
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Lead Manager |
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Ashika Capital Ltd
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Promoters |
H Noor Mohamed
S Jarina
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