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Nitiraj Engineers IPO is a fixed price issue of Rs 22.01 crores.
Nitiraj Engineers IPO bidding started from February 20, 2017 and ended on March 1, 2017. The shares got listed on NSE SME on March 9, 2017.
Nitiraj Engineers IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Arihant Capital Markets Ltd is the book running lead manager of the Nitiraj Engineers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Nitiraj Engineers IPO RHP for detailed information.
| IPO Date | February 20, 2017 to March 1, 2017 |
| Listing Date | March 9, 2017 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,200,800 shares (aggregating up to ₹22.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| Lot Size Calculator | |||
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.
| 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 |
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.
[Dilip Davda] Issue pricing appears to be reasonable. Cash surplus investors may consider investment for medium to long term. Read detail review...
The Nitiraj Engineers IPO is subscribed times on March 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)
| Category | Subscription (times) |
|---|
| Listing Date | March 9, 2017 |
| BSE Script Code | |
| NSE Symbol | NITIRAJ |
| ISIN | INE439T01012 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹97.00 |
| ₹87.00 |
| ₹97.10 |
| ₹94.50 |
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 February 20, 2017, and closes on March 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 February 20, 2017 and closes on March 1, 2017.
Nitiraj Engineers IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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.
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