Paramount Printpackaging Ltd - FY11 Apr 25

Issue Price: Rs. 32 - Rs. 35 Per Equity Share


Issue Detail:
»» Issue Open: Apr 20, 2011 - Apr 25, 2011
»» Issue Size: Rs. 41.90 - 45.83 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity: 150 Shares

Bid Detail:

	Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time	Qualified Institutional Buyers (QIBs)	Non Institutional Investors (NIIs)	Retail Individual Investors (RIIs)	Total
Shares Offered / Reserved	6,547,088	1,964,126	4,582,961	13,094,175
Day 1 - Apr 20, 2011 17:00 IST	0.2300	0.0000	0.0300	0.1200
Day 2 - Apr 21, 2011 17:00 IST	0.2300	0.0000	0.3100	0.2200
Day 3 - Apr 25, 2011 18:00 IST	0.3300	3.2800	9.3100	3.9200

Incorporated in 1985, Paramount Printpackaging Limited is in the business of print & packaging solutions. Company offers a packing solution consisting of a wide range of cartons. Those cartons are mainly used in packaging of medicines, soaps, toothpaste, perfumes, shaving cream, shampoo, moisturizing cream, face wash, Automobile spare parts & accessories, Cigarettes, Corn flakes, tea, coffee and spices.

PPPL provides different types of packaging - rigid, flexible, wrapping, Processing, Plate making, Printing, Lamination, Varnishing, UV Varnish, Hot Foil Stamping, Embossing, Die-cutting & Glueing of various types of cartons to complete lines. Pharma, FMCG, Auto Ancillary, Tobacco and Food and Beverage are the main sectors using those products.

Paramount has fully automated plant at Navi Mumbai which is capable of supplying hundreds of different types of folding box cartons that suit the needs of their customers. Company's plant has the capacity to convert approximately 400 tons of paper board every month. In terms of finished products, Company has the capacity to produce 20 lacs cartons a day.

Company Promoters:
The Promoters of the company are:
1. Mr. Ashwin Babulal Sukhadia;
2. Mr. Anuj Vipin Sukhadia;
3. Mr. Dharmesh Ashwin Sukhadia;
4. Mr. Divyesh Ashwin Sukhadia;
5. Mr. Ketan Vipin Sukhadia; and
6. Mr. Vipul Ashwin Sukhadia.

Objects of the Issue:
The objects of the issue are as follows:

• Setting up of unit at Gujarat, for manufacturing of high end duplex board cartons, shippers and printed corrugated box;
• Augmenting the long term working capital requirements of our Company;
• General Corporate Purposes; and
• Achieve the benefits of listing on the Stock Exchange.