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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 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.

Nitiraj Engineers IPO Details

IPO Date Feb 20, 2017 to Mar 1, 2017
Listing Date Thursday, March 9, 2017
Face Value ₹10 per share
Price ₹100 per share
Lot Size 1200 Shares
Issue Size2,200,800 shares of ₹10
(aggregating up to ₹22.01 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Rajesh Nath Bhatwal

Nitiraj Engineers IPO Lot Size

The Nitiraj Engineers IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000

Nitiraj Engineers IPO Review

Issue pricing appears to be reasonable. Cash surplus investors may consider investment for medium to long term. Read detail review...


Nitiraj Engineers IPO Subscription Status (Bidding Detail)

The Nitiraj Engineers IPO is subscribed times on Mar 1, 2017 6:35:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Nitiraj Engineers IPO Prospectus

Nitiraj Engineers IPO Rating

103
4.0
Rating:Rated 4.0 stars
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Nitiraj Engineers IPO Listing Date

Listing Date Thursday, March 9, 2017
BSE Script Code
NSE Symbol NITIRAJ
Listing In
ISIN INE439T01012
IPO Price ₹100 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹100.00
₹97.00
₹87.00
₹97.10
₹94.50

Company Contact Information

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

Nitiraj Engineers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Nitiraj Engineers IPO Review

Nitiraj Engineers IPO Recommendation Summary

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Members 0 0 0

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IPO Broker Recommendations

Nitiraj Engineers IPO FAQs

Nitiraj Engineers IPO is a SME IPO of 2,200,800 equity shares of the face value of ₹10 aggregating up to ₹22.01 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Feb 20, 2017, and closes on Mar 1, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Nitiraj Engineers IPO opens on Feb 20, 2017 and closes on Mar 1, 2017.

Nitiraj Engineers IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Nitiraj Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nitiraj Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Nitiraj Engineers IPO allotment status.

The Nitiraj Engineers IPO listing date is on Thursday, March 9, 2017.
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Nitiraj Engineers IPO Message Board

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46 Comments

26. Mahaveer katariya |   Link |May 18, 2017 4:43:16 PM
No Hudco share alloted against your application number xxxx
25. Prabhakaran Kuppusamy |   Link |May 8, 2017 7:04:58 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Never thought that it will be this much bigger loser. Disappointed.
24. Shrewd Trader |   Link |Apr 28, 2017 2:34:51 PM
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.
24.1. Shrewd Trader |   Link |Apr 28, 2017 10:00:13 PM
oops !
wrong thread posting :(
23. kundan |   Link |Apr 2, 2017 8:14:20 PM
Presently trading 83, now i purchase at this rate
22. sauravk |   Link |Mar 31, 2017 7:44:25 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
no allotment again.

RBL
Dmart
Shankara

ha ha ha :) My luck !! :(
21. nunu |   Link |Mar 15, 2017 12:58:43 PM
kab ayega allotment to 14th koi final honewala tha to ajj bhi dikha nehi raha hai....
20. KAJLA |   Link |Mar 9, 2017 10:12:38 AM
trading at 92
19. IPOANALYSIS |   Link |Mar 9, 2017 9:25:48 AM
Another correct recommendation given earlier
19.4. aagarwal |   Link |Mar 9, 2017 9:40:55 PM
Great IPOANALYSIS. You have a great eye for detail. Do you think Sanginita will give listing gains?
19.5. Smiter |   Link |Mar 17, 2017 5:59:21 PM
Sanginita & especially RMC did well..great work...
18. K |   Link |Mar 7, 2017 11:45:42 AM
ANY PREMIUM???
I WANT TO SELL 10000 shares
17. Ketur Sanghavi |   Link |Mar 7, 2017 9:14:52 AM
Allotted fully.
16. Nishil |   Link |Mar 6, 2017 9:38:27 PM
Allotments is out...

http://www.bigshareonline.com/bssipoapplicationstatus.aspx
16.1. Ketur Sanghavi |   Link |Mar 7, 2017 9:15:18 AM
listing date?
16.2. Nishil |   Link |Mar 7, 2017 11:04:00 AM
9th March is listing date
15. sannnee |   Link |Mar 4, 2017 1:03:07 PM
Iska listing kab he sir
14. vijay sahajwani |   Link |Mar 2, 2017 11:26:51 PM
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
14.1. Trimbak |   Link |Mar 3, 2017 12:52:30 PM
Vijay Not to Worry U will be suprised at the gains.
14.2. IPOANALYSIS |   Link |Mar 9, 2017 4:37:40 PM
Trimbak looking at price surprised with gains :)
13. KAJLA |   Link |Mar 1, 2017 3:54:07 PM
no subscription from QIB
12. KAJLA |   Link |Mar 1, 2017 3:52:56 PM
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
12.1. IPOANALYSIS |   Link |Mar 9, 2017 11:18:53 AM
Trimbak excellent ur reviews were very funny
11. JIGNESH KANTARIYA |   Link |Feb 28, 2017 5:21:39 PM
subscribe ye or no??? reply ...
11.2. IPOANALYSIS |   Link |Mar 1, 2017 1:40:23 AM
do not subscribe 100 % and save ur hard earn money
11.3. Trimbak |   Link |Mar 1, 2017 12:52:06 PM
Go for it my friend
10. Trimbak |   Link |Feb 28, 2017 12:46:46 PM
Very Good Company... Have known the company for more then 10yrs now...good investment and returns
10.1. IPOANALYSIS |   Link |Feb 28, 2017 1:58:19 PM
are you working in the company or close relation with them. How do you know about gains. Do you give guarantee ?
9. arbandyo |   Link |Feb 28, 2017 10:57:54 AM
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
9.1. IPOANALYSIS |   Link |Feb 28, 2017 11:58:15 AM
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
8. IPOANALYSIS |   Link |Feb 27, 2017 11:20:45 PM
Listing at 10 pc discount
8.1. gala |   Link |Feb 28, 2017 1:11:49 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Looks like certainly no encouraging subscription
7. sam SUNIL |   Link |Feb 27, 2017 9:47:19 PM
Subscription data/figures ????