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Nitiraj Engineers Ltd IPO (Nitiraj Engineers IPO) Detail

Feb 20, 2017 - Mar 1, 2017

Incorporated in 1989, Nitiraj Engineers Limited manufactures and sells a range of electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption.

They offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, person weighing, adult weighing, body mass index, and kitchen scales; and special application indicators, currency counting machines, and taxi/rickshaw fare meters. The company supplies its products under the Phoenix brand name through a network of dealers to customers in India and internationally.

Company Promoters:

The promoters of the company are:

1. Mr. Rajesh Nath Bhatwal

Company Financials:

Summary of financial Information
Particulars For the year/period ended (in Rs. Lacs)
31-Dec-15 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Assets 4,690.59 3,705.64 3,269.90 2,729.89 2,667.38 2,224.49
Total Revenue 4,519.64 9,062.67 7,725.82 9,083.70 4,187.20 2,693.28
Profit After Tax (PAT) 364.72 418.40 389.01 121.45 284.28 186.12

Objects of the Issue:

The object of the issue are:

1. Development of new products;
2. Setting up manufacturing Unit for the existing and new range of products;
3. Expansion of Marketing Network and Brand building;
4. General Corporate Purposes;
5. Issue Expenses.

Issue Detail:

  »»  Issue Open: Feb 20, 2017 - Mar 1, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,200,800 Equity Shares of Rs 10 aggregating up to Rs 22.01 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 100 Per Equity Share
  »»  Market Lot: 1200 Shares
  »»  Minimum Order Quantity: 1200 Shares
  »»  Listing At: NSE SME

Nitiraj Engineers IPO Reviews:

  1. Nitiraj Engineers Ltd IPO review by Dilip Davda

Nitiraj Engineers IPO Prospectus

Nitiraj Engineers IPO Rating

66
4.2
Rating:Rated 4.2 stars

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Nitiraj Engineers IPO News Alerts

  1. Wednesday, March 1, 2017 12:00:00 AM
    Nitiraj Engineers Ltd IPO - Close
  2. Monday, February 20, 2017 12:00:00 AM
    Nitiraj Engineers Ltd IPO - Open

Company Contact Information

Nitiraj Engineers Ltd
306A Bhabha Building,
N. M. Joshi Marg, Delisle Road,
Mumbai
Phone: 022-23094161
Fax: 022-23094161
Email: investor@nitiraj.net
Website: http://www.nitiraj.net

Nitiraj Engineers IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Nitiraj Engineers IPO Lead Manager(s)

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Nitiraj Engineers IPO Review / Comments

avatar
3. IPOANALYSIS  Feb 21, 2017 11:16:56 AM IST | I Like It. | Report Abuse Reply
KEEPING A 10 DAY WINDOWS SHOWS THEY WERE NOT CONFIDENT OF THE IPO PRICE. I FEEL THIS ONE IS TOO EXPENSIVE AND NEVER HEARD OF THE DIGITAL WEIGHING SCALE . SO NOT COMFORTABLE WITH BUSINESS. STAY AWAY.
avatar
2. KAJLA  Feb 17, 2017 10:31:43 AM IST | I Like It. 1 | Report Abuse Reply
BE AWARE AND DO NOT APPLY BLINDLY TO ALL SME IPO
STEEL CITY SECURITY (SME) LISTED TODYA TRADING AT -7%
MAKE LOW OF 50.3 VS ISSUE PRICE OF 55
APPLY TO SELECTED SME ABOUT WHOM YOU KNOW ABOUT COMPANY AND MANAGEMENT
avatar
1. Navita Sharma  Feb 14, 2017 12:00:26 PM IST | I Like It. 3 | Report Abuse Reply
10 Points about Nitiraj Engineers Ltd IPO: You must know.
leading manufacturers of Electronic Weighing scales and Systems and Digital fare meters.
Nitiraj Engineers Ltd IPO is of Rs 22.01 crore.
Issue Price of Rs. 100 Per Equity Share.
Nitiraj Engineers Ltd IPO will open on 20 February, 2017.
Company own brand name, which is PHOENIX.
https://www.moneydial.com/blogs/10-points-nitiraj-engineers-ltd-ipo-must-know/
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