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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

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 IST01,154,400418,8001,573,200
Day 3 - Mar 1, 2017 18:35 IST01,756,8001,231,2002,988,000

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

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)

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Nitiraj Engineers IPO Review / Comments

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23. Shrewd Trader  Apr 28, 2017 1:34:51 PM IST I Like It. | Report Abuse Reply
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.
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23.1. Shrewd Trader  Apr 28, 2017 9:00:13 PM IST I Like It. | Report Abuse
oops !
wrong thread posting :(
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22. kundan  Apr 2, 2017 7:14:20 PM IST I Like It. | Report Abuse Reply
Presently trading 83, now i purchase at this rate
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21. sauravk  Mar 31, 2017 6:44:25 PM IST I Like It. | Report Abuse Reply
no allotment again.

RBL
Dmart
Shankara

ha ha ha :) My luck !! :(
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20. nunu  Mar 15, 2017 11:58:43 AM IST I Like It. | Report Abuse Reply
kab ayega allotment to 14th koi final honewala tha to ajj bhi dikha nehi raha hai....
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19. KAJLA  Mar 9, 2017 9:12:38 AM IST I Like It. | Report Abuse Reply
trading at 92
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18. IPOANALYSIS  Mar 9, 2017 8:25:48 AM IST I Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Another correct recommendation given earlier
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18.4. 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?
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18.5. Smiter  Mar 17, 2017 4:59:21 PM IST I Like It. | Report Abuse
Sanginita & especially RMC did well..great work...
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17. K  Mar 7, 2017 10:45:42 AM IST I Like It. | Report Abuse Reply
ANY PREMIUM???
I WANT TO SELL 10000 shares
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16. Ketur Sanghavi  Mar 7, 2017 8:14:52 AM IST I Like It. | Report Abuse Reply
Allotted fully.
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15. Nishil  Mar 6, 2017 8:38:27 PM IST I Like It. 1 | Report Abuse Reply
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15.1. Ketur Sanghavi  Mar 7, 2017 8:15:18 AM IST I Like It. | Report Abuse
listing date?
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15.2. Nishil  Mar 7, 2017 10:04:00 AM IST I Like It. | Report Abuse
9th March is listing date
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14. sannnee  Mar 4, 2017 12:03:07 PM IST I Like It. | Report Abuse Reply
Iska listing kab he sir
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13. vijay sahajwani  Mar 2, 2017 10:26:51 PM IST I Like It. | Report Abuse Reply
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
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13.1. 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.
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13.2. IPOANALYSIS  Mar 9, 2017 3:37:40 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Trimbak looking at price surprised with gains :)
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12. KAJLA  Mar 1, 2017 2:54:07 PM IST I Like It. | Report Abuse Reply
no subscription from QIB
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11. KAJLA  Mar 1, 2017 2:52:56 PM IST I Like It. | Report Abuse Reply
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
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11.1. IPOANALYSIS  Mar 9, 2017 10:18:53 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Trimbak excellent ur reviews were very funny
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10. JIGNESH KANTARIYA  Feb 28, 2017 4:21:39 PM IST I Like It. | Report Abuse Reply
subscribe ye or no??? reply ...
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10.2. IPOANALYSIS  Mar 1, 2017 12:40:23 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
do not subscribe 100 % and save ur hard earn money
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10.3. Trimbak  Mar 1, 2017 11:52:06 AM IST I Like It. 1 | Report Abuse
Go for it my friend
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9. Trimbak  Feb 28, 2017 11:46:46 AM IST I Like It. | Report Abuse Reply
Very Good Company... Have known the company for more then 10yrs now...good investment and returns
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9.1. IPOANALYSIS  Feb 28, 2017 12:58:19 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
are you working in the company or close relation with them. How do you know about gains. Do you give guarantee ?
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8. arbandyo  Feb 28, 2017 9:57:54 AM IST I Like It. | Report Abuse Reply
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
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8.1. IPOANALYSIS  Feb 28, 2017 10:58:15 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ 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
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7. IPOANALYSIS  Feb 27, 2017 10:20:45 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Listing at 10 pc discount
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7.1. gala  Feb 28, 2017 12:11:49 AM IST I Like It. | Report Abuse
Looks like certainly no encouraging subscription
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6. sam SUNIL  Feb 27, 2017 8:47:19 PM IST I Like It. | Report Abuse Reply
Subscription data/figures ????
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5. gala  Feb 25, 2017 12:11:22 PM IST I Like It. | Report Abuse Reply
Any premium ?
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4. rajkot rajkot  Feb 24, 2017 4:57:34 PM IST I Like It. 2 | Report Abuse Reply
Dear Admin / Moderator,

Request you to post the data on subscription data during and after closure of SME issues.
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4.2. Allan  Mar 2, 2017 9:12:10 AM IST I Like It. | Report Abuse
Also Please add listing day performance like its being done for Mainline IPO''s
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4.3. Forum Modulator  Mar 2, 2017 5:11:49 PM IST I Like It. | Report Abuse
Thank you Allan for your kind feedback. We are glad to know that we are already working on this and soon you will get every info on these pages as you get on mainline IPO.
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