Paramount Printpackaging issue closes on 25th April
Paramount Printpackaging Ltd, a company operating fully automated manufacturing plant at Navi Mumbai, proposes to enter capital markets on 20th April with a public issue of 1,30,94,175 equity shares of Rs10 each through a book building process.
The issue closes on 25th April and the price band has been fixed at Rs32 to Rs35 per equity share of Rs10 each. The issue will constitute 49.04% of the fully diluted post issue paid-up capital of the company. The equity shares will be listed on the NSE and the BSE. Onelife Capital Advisors Limited is the Book Running Lead Manager to the Issue and Sharepro Services (India) Pvt Ltd is the registrar to the issue. ICRA Ltd has graded the Issue at 2/5.
The Paramount Printpackaging plans to use the net proceeds of the issue for setting up new facilities for manufacturing of high end duplex board cartons, shippers and printed corrugated boxes at Gujarat as well as augment its long term working capital requirements.
SBI Mutual Fund new issue closes on 19th April
SBI Mutual Fund has launched SBI Debt Fund Series 180 Days 17, a close-ended income scheme.
The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments maturing on or before the maturity of the scheme. The new issue closes on 19th April. The minimum investment amount is Rs5,000.
CRISIL Liquid Fund Index is the benchmark index. Rajeev Radhakrishnan is the fund manager.
Kotak Mahindra Mutual Fund new issue closes on 25th April
Kotak Mahindra Mutual Fund has launched Kotak FMP 18M Series 6, a close-ended income scheme.
The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The tenor of the scheme is 18 months.
The new issue closes on 25th April. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Index is the benchmark index. Deepak Agrawal and Abhishek Bisen will be the fund managers.