Olympic was incorporated in 1992 as Olympic Business Credits (Madras) Pvt Ltd. The name was changed to Olmpic Cards Ltd in 1998. The company manufactures Wedding Cards, Greeting Cards, Envelopes, Letter Heads, Business Cards, Calendars, Notebooks, Account Books,etc.
The company earns 49% of it's Rs38Cr revenue from wedding cards, while envelops and greeting cards contribute 11% and 8% respectively.
Olympic's Peers on BSE
The primary market has seen very few below 50Cr IPOs and for understandable reasons.The market is sleeping. Though a popular bias would like to believe that these are the worst of the lot and will not perform - and quite often they tank spectacularly - but there are cases of value(Read More).
Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.
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