Paramont Printpackaging IPO opens for subscription

The Initial Public Offering (IPO) of Paramont Printpackaging Limited has opened for subscription by investors today. The company has come out with public issue of 1,30,94,175 Equity Shares Of Rs 10/- each for cash at a price band of Rs.32 to Rs.35 through 100% book building process.

The Minimum Order Quantity is 150 Equity Shares and in multiples of 150 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency ICRA has assigned IPO Grading of ICRA IPO GRADE 2.

Onelife Capital Advisors Limited is the Book Running Lead Manager to the issue. Sunidhi Securities and Finance Limited and Hem Securities Limited are the Syndicate Members to the issue. Share Pro Services Limited is the registrar to the company.

The IPO closes for subscription on April 25, 2011.

Source : Equity Bulls

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