MoneyWorks4Me

Olympic Cards commences construction work at new manufacturing unit

03 Jan 2013 Evaluate

Olympic Cards has started the construction work at the proposed new manufacturing unit near Chennai on January 02, 2013 by utilizing the proceeds collected through the Initial Public Offer (IPO) made in March, 2012.

Olympic Cards, incorporated as Olympic Business Credits (Madras) in April 1992, is presently engaged in the business of manufacturing and trading wedding cards, greeting cards, envelopes, letter heads, business cards, calendars, notebooks, account books, etc. It is also trading in the business of printing inks, however, the premier product is wedding invitation cards, which accounts for more than 45% of total group sales.

Peers
Company Name CMP
D.B. Corp 180.35
Jagran Prakashan 62.67
HT Media 24.07
Navneet Education 122.75
S Chand And Company 145.05
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