Free Trading + Demat Account

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

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Feb 27, 2017 17:00 IST----
Day 2 - Feb 28, 2017 17:00 IST011544004188001573200
Day 3 - Mar 1, 2017 18:35 IST0175680012312002988000

Nitiraj Engineers IPO Prospectus

Nitiraj Engineers IPO Rating

103
4.0
Rating:Rated 4.0 stars

Vote Here ...

Nitiraj Engineers IPO Listing Date

  •   ›  Listing Date: Thursday, March 9, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: NITIRAJ
  •   ›  Listing In:
  •   ›  ISIN: INE439T01012
  •   ›  Issue Price: Rs 100 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 100.00
Open:Rs 97.00
Low:Rs 87.00
High:Rs 97.10
Last Trade:Rs 94.50
Volume:126,000

Nitiraj Engineers IPO News Alerts

  1. Thursday, March 9, 2017 12:00:00 AM
    Nitiraj Engineers Ltd IPO - Listing
  2. Wednesday, March 1, 2017 12:00:00 AM
    Nitiraj Engineers Ltd IPO - Close
  3. 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)

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compared top share brokers in India to help investors like you. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

@

Nitiraj Engineers IPO Review / Comments

avatar
26. Mahaveer katariya  May 18, 2017 3:43:16 PM IST I Like It. | Report Abuse
No Hudco share alloted against your application number xxxx
avatar
25. Prabhakaran Kuppusamy  May 8, 2017 6:04:58 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Never thought that it will be this much bigger loser. Disappointed.
avatar
24. Shrewd Trader  Apr 28, 2017 1:34:51 PM IST I Like It. | Report Abuse
Navneet though much higher in valuations but enjoys better profit margin , returns on capital/equity and EV-to-EBITDA ratio.
S chand is better in price to book and inventory days.
avatar
24.1. Shrewd Trader  Apr 28, 2017 9:00:13 PM IST I Like It. | Report Abuse
oops !
wrong thread posting :(
avatar
23. kundan  Apr 2, 2017 7:14:20 PM IST I Like It. | Report Abuse
Presently trading 83, now i purchase at this rate
avatar
22. sauravk  Mar 31, 2017 6:44:25 PM IST I Like It. | Report Abuse
no allotment again.

RBL
Dmart
Shankara

ha ha ha :) My luck !! :(
avatar
21. nunu  Mar 15, 2017 11:58:43 AM IST I Like It. | Report Abuse
kab ayega allotment to 14th koi final honewala tha to ajj bhi dikha nehi raha hai....
avatar
20. KAJLA  Mar 9, 2017 9:12:38 AM IST I Like It. | Report Abuse
trading at 92
avatar
19. IPOANALYSIS  Mar 9, 2017 8:25:48 AM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Another correct recommendation given earlier
avatar
19.4. aagarwal  Mar 9, 2017 8:40:55 PM IST I Like It. | Report Abuse
Great IPOANALYSIS. You have a great eye for detail. Do you think Sanginita will give listing gains?
avatar
19.5. Smiter  Mar 17, 2017 4:59:21 PM IST I Like It. | Report Abuse
Sanginita & especially RMC did well..great work...
avatar
18. K  Mar 7, 2017 10:45:42 AM IST I Like It. | Report Abuse
ANY PREMIUM???
I WANT TO SELL 10000 shares
avatar
17. Ketur Sanghavi  Mar 7, 2017 8:14:52 AM IST I Like It. | Report Abuse
Allotted fully.
avatar
16. Nishil  Mar 6, 2017 8:38:27 PM IST I Like It. 1 | Report Abuse
avatar
16.1. Ketur Sanghavi  Mar 7, 2017 8:15:18 AM IST I Like It. | Report Abuse
listing date?
avatar
16.2. Nishil  Mar 7, 2017 10:04:00 AM IST I Like It. | Report Abuse
9th March is listing date
avatar
15. sannnee  Mar 4, 2017 12:03:07 PM IST I Like It. | Report Abuse
Iska listing kab he sir
avatar
14. vijay sahajwani  Mar 2, 2017 10:26:51 PM IST I Like It. | Report Abuse
Dilip sir there is not too much subscription in nitiraj I have invested in this ipo for listing gain should nitiraj ipo give 10%gain on listing Pls suggest
avatar
14.1. Trimbak  Mar 3, 2017 11:52:30 AM IST I Like It. | Report Abuse
Vijay Not to Worry U will be suprised at the gains.
avatar
14.2. IPOANALYSIS  Mar 9, 2017 3:37:40 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Trimbak looking at price surprised with gains :)
avatar
13. KAJLA  Mar 1, 2017 2:54:07 PM IST I Like It. | Report Abuse
no subscription from QIB
avatar
12. KAJLA  Mar 1, 2017 2:52:56 PM IST I Like It. | Report Abuse
Back
Bid Details for NITIRAJ as on 01-Mar-2017 15:49:12 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      17,56,800
2(a)      Corporates      1,83,600
2(b)      Individuals(Other than RIIs)      15,73,200
2(c)      others      0
3      Retail Individual Investors(RIIs)      10,77,600
3(a)      Cut Off      0
3(b)      Price bids      10,77,600
Total      28,34,400
avatar
12.1. IPOANALYSIS  Mar 9, 2017 10:18:53 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Trimbak excellent ur reviews were very funny
avatar
11. JIGNESH KANTARIYA  Feb 28, 2017 4:21:39 PM IST I Like It. | Report Abuse
subscribe ye or no??? reply ...
avatar
11.2. IPOANALYSIS  Mar 1, 2017 12:40:23 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
do not subscribe 100 % and save ur hard earn money
avatar
11.3. Trimbak  Mar 1, 2017 11:52:06 AM IST I Like It. 1 | Report Abuse
Go for it my friend
avatar
10. Trimbak  Feb 28, 2017 11:46:46 AM IST I Like It. | Report Abuse
Very Good Company... Have known the company for more then 10yrs now...good investment and returns
avatar
10.1. IPOANALYSIS  Feb 28, 2017 12:58:19 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
are you working in the company or close relation with them. How do you know about gains. Do you give guarantee ?
avatar
9. arbandyo  Feb 28, 2017 9:57:54 AM IST I Like It. | Report Abuse
Very poor response earlier thought of applying but seems wrong. People have no money as they domein krisna and global.also the mRket trend is not happy. Hope this improve . Any body any view reasons
avatar
9.1. IPOANALYSIS  Feb 28, 2017 10:58:15 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
money from both krishna and Global have been unblocked.

also market is doing great . it is because issue has been priced on higher side subscription is low. see other issues getting hugely subscribed
avatar
8. IPOANALYSIS  Feb 27, 2017 10:20:45 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Listing at 10 pc discount
avatar
8.1. gala  Feb 28, 2017 12:11:49 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Looks like certainly no encouraging subscription
avatar
7. sam SUNIL  Feb 27, 2017 8:47:19 PM IST I Like It. | Report Abuse
Subscription data/figures ????
special_offers
By Popular Stock Brokers

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)


Request Demo

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening*

Enquire Now
(* on online account opening)

ProStocks Reivew
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

RKSV Discount Broker Review  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: