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May 09, 2011, 04.20 PM IST
Equity shares of Paramount Printpackaging started the trade at Rs 36.50 on listing day, with gaining 4.3% over the issue price of Rs 35 a share on National Stock Exchange.
At 9:36 hours IST, a share was trading at Rs 35.40, after hitting a high of Rs 37.90. Traded volume has been more than 85 lakh equity shares so far on both exchanges. Company has collected Rs 45.83 crore through the issue of 1.31 crore equity shares. Issue proceeds are proposed to be utilised for setting up a new facility for manufacturing high-end duplex board cartons, shippers and printed corrugated box at Gujarat, and for long-term working capital. The company which now supplies folding-box carton packaging material, has gradually moved from being a stationery printer.
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