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.

Nitiraj Engineers IPO Details

IPO DateFeb 20, 2017 - Mar 1, 2017
Issue TypeFixed Price Issue IPO
Issue Size2,200,800 Eq Shares of ₹10
(aggregating up to ₹22.01 Cr)
Face Value₹10 Per Equity Share
IPO Price₹100 Per Equity Share
Market Lot1200 Shares
Min Order Quantity1200 Shares
Listing AtNSE SME

Nitiraj Engineers IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum11200₹120,000
Maximum11200₹120,000

Nitiraj Engineers IPO Subscription Status (Bidding Detail)

Nitiraj Engineers IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Mar 1, 2017 18:35

Nitiraj Engineers IPO Prospectus

Nitiraj Engineers IPO Rating

103
4.0
Rating:Rated 4.0 stars

Vote Here ...

Nitiraj Engineers IPO Listing Date

Listing DateThursday, March 9, 2017
BSE Script Code
NSE SymbolNITIRAJ
Listing In
ISININE439T01012
IPO Price₹100 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Nitiraj Engineers IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Nitiraj Engineers IPO FAQs

  1. 1. What is Nitiraj Engineers IPO?

    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 price of the IPO is ₹100 Per Equity Share. The minimum order quantity is 1200 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Nitiraj Engineers IPO will open?

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

  3. 3. How to apply for Nitiraj Engineers IPO?

    Nitiraj Engineers IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Nitiraj Engineers IPO allotment?

    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.

  5. 5. When is Nitiraj Engineers IPO listing date?

    The Nitiraj Engineers IPO listing date is on Thursday, March 9, 2017, at NSE SME.
  6. 6. What is the lot size of Nitiraj Engineers IPO?

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

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Nitiraj Engineers IPO Review / Comments

Mahaveer katariya
26. Mahaveer katariya  May 18, 2017 15:43
No Hudco share alloted against your application number xxxx
Prabhakaran Kuppusamy
25. Prabhakaran Kuppusamy  May 8, 2017 18:04
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Never thought that it will be this much bigger loser. Disappointed.
Shrewd Trader
24. Shrewd Trader  Apr 28, 2017 13:34
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.
Shrewd Trader
24.1. Shrewd Trader  Apr 28, 2017 21:00
oops !
wrong thread posting :(
kundan
23. kundan  Apr 2, 2017 19:14
Presently trading 83, now i purchase at this rate
sauravk
22. sauravk  Mar 31, 2017 18:44
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
no allotment again.

RBL
Dmart
Shankara

ha ha ha :) My luck !! :(
nunu
21. nunu  Mar 15, 2017 11:58
kab ayega allotment to 14th koi final honewala tha to ajj bhi dikha nehi raha hai....
KAJLA
20. KAJLA  Mar 9, 2017 09:12
trading at 92
IPOANALYSIS
19. IPOANALYSIS  Mar 9, 2017 08:25
Another correct recommendation given earlier
aagarwal
19.4. aagarwal  Mar 9, 2017 20:40
Great IPOANALYSIS. You have a great eye for detail. Do you think Sanginita will give listing gains?
Smiter
19.5. Smiter  Mar 17, 2017 16:59
Sanginita & especially RMC did well..great work...
K
18. K  Mar 7, 2017 10:45
ANY PREMIUM???
I WANT TO SELL 10000 shares
Ketur Sanghavi
17. Ketur Sanghavi  Mar 7, 2017 08:14
Allotted fully.
Nishil
16. Nishil  Mar 6, 2017 20:38
Ketur Sanghavi
16.1. Ketur Sanghavi  Mar 7, 2017 08:15
listing date?
Nishil
16.2. Nishil  Mar 7, 2017 10:04
9th March is listing date
sannnee
15. sannnee  Mar 4, 2017 12:03
Iska listing kab he sir
vijay sahajwani
14. vijay sahajwani  Mar 2, 2017 22:26
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
Trimbak
14.1. Trimbak  Mar 3, 2017 11:52
Vijay Not to Worry U will be suprised at the gains.
IPOANALYSIS
14.2. IPOANALYSIS  Mar 9, 2017 15:37
Trimbak looking at price surprised with gains :)
KAJLA
13. KAJLA  Mar 1, 2017 14:54
no subscription from QIB
KAJLA
12. KAJLA  Mar 1, 2017 14:52
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
IPOANALYSIS
12.1. IPOANALYSIS  Mar 9, 2017 10:18
Trimbak excellent ur reviews were very funny
JIGNESH KANTARIYA
11. JIGNESH KANTARIYA  Feb 28, 2017 16:21
subscribe ye or no??? reply ...
IPOANALYSIS
11.2. IPOANALYSIS  Mar 1, 2017 00:40
do not subscribe 100 % and save ur hard earn money
Trimbak
11.3. Trimbak  Mar 1, 2017 11:52
Go for it my friend
Trimbak
10. Trimbak  Feb 28, 2017 11:46
Very Good Company... Have known the company for more then 10yrs now...good investment and returns
IPOANALYSIS
10.1. IPOANALYSIS  Feb 28, 2017 12:58
are you working in the company or close relation with them. How do you know about gains. Do you give guarantee ?
arbandyo
9. arbandyo  Feb 28, 2017 09:57
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
IPOANALYSIS
9.1. IPOANALYSIS  Feb 28, 2017 10:58
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
IPOANALYSIS
8. IPOANALYSIS  Feb 27, 2017 22:20
Listing at 10 pc discount
gala
8.1. gala  Feb 28, 2017 00:11
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Looks like certainly no encouraging subscription
sam SUNIL
7. sam SUNIL  Feb 27, 2017 20:47
Subscription data/figures ????






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