Paramount Printpackaging IPO debuts on April 20
Mumbai: Paramount Printpackaging is all set to make a debut in the capital market. It plans to raise 
45 crore with its initial public offering (IPO) that will open on April 20. The issue will comprise 49.04 percent of the fully-diluted post issue paid up capital of the company. The price band has been fixed at 32-35 per equity share, and the issue will be closed on April 25.
Paramount says it has over 100 clients in different sectors like FMCG, pharmaceuticals, the electrical industry, auto ancillary, and food and beverages. The company offers a packing solutions consisting of a wide range of cartons, which is complemented by print finishes such as stamping, embossing, complex varnishing and security features. The company has also executed orders for clients in Maharashtra, Goa, Gujarat, Karnataka, Himachal Pradesh, Madhya Pradesh and UK. Paramount is also aiming to grow in the business continuously by adding new customers.
Paramount has a manufacturing plant in Navi Mumbai with capacity of making approximately 20 lakh cartons a day, around 500 tonnes in terms of paper board. The new plant is expected to increase production by 15 lakh cartons a day, along with 5 tonnes a day of shippers and seven lakh tonnes a day of corrugated cartons. They have also setting up new facilities for manufacturing high-end duplex board cartons, shippers and printed corrugated box at Gujarat. The Gujarat project is expected to be completed in Q3 of FY 2011-12.
45 crore with its initial public offering (IPO) that will open on April 20. The issue will comprise 49.04 percent of the fully-diluted post issue paid up capital of the company. The price band has been fixed at 32-35 per equity share, and the issue will be closed on April 25.
Paramount says it has over 100 clients in different sectors like FMCG, pharmaceuticals, the electrical industry, auto ancillary, and food and beverages. The company offers a packing solutions consisting of a wide range of cartons, which is complemented by print finishes such as stamping, embossing, complex varnishing and security features. The company has also executed orders for clients in Maharashtra, Goa, Gujarat, Karnataka, Himachal Pradesh, Madhya Pradesh and UK. Paramount is also aiming to grow in the business continuously by adding new customers.
Paramount has a manufacturing plant in Navi Mumbai with capacity of making approximately 20 lakh cartons a day, around 500 tonnes in terms of paper board. The new plant is expected to increase production by 15 lakh cartons a day, along with 5 tonnes a day of shippers and seven lakh tonnes a day of corrugated cartons. They have also setting up new facilities for manufacturing high-end duplex board cartons, shippers and printed corrugated box at Gujarat. The Gujarat project is expected to be completed in Q3 of FY 2011-12.