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.
The promoters of the company are:
1. Mr. Rajesh Nath Bhatwal
|Particulars||For the year/period ended (in Rs. Lacs)|
|Profit After Tax (PAT)||364.72||418.40||389.01||121.45||284.28||186.12|
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 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
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Feb 27, 2017 17:00 IST||-||-||-||-|
|Day 2 - Feb 28, 2017 17:00 IST||0||1,154,400||418,800||1,573,200|
|Day 3 - Mar 1, 2017 18:35 IST||0||1,756,800||1,231,200||2,988,000|
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