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Olympic Card (OCL) IPO Analysis

Olympic card is going to tap money from the market from 09 Mar 2012 and will close on 12 Mar 2012.

OCL is a wedding card manufacturing company based at Chennai and is asking for a price which is 24 times of its P/E which is just too steep. A further comparison can not be made as this is first IPO coming to the ,market in this segment.

Verdict

One should skip this IPO and can buy in Secondary market after 6 months seeing the response of the participants.

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