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Nintec Systems BSE SME IPO review (Apply)

Review By Dilip Davda on Mar 29, 2016

Nintec Systems Limited (NSL) is a global offshore Software Development Services & Solutions company serving clients across the globe. It provides its clients comprehensive IT solutions with the help of vast experience, a team of brilliant professionals, sound project management capabilities, matured processes, and seamless communication methodologies.

NSL’s vast range of services includes Application Development & Maintenance, Strategic Offshore Software Product Development, Legacy System Development & Software Migration, and Search Engine Optimization. As claimed by the company, its highly skilled teams also have a strong expertise in the areas of .Net Development, Game Development, PHP Development, ERP, Wireless, Mobile, and WAP Development.

To meet its incremental working capital requirements and raise other general corpus fund, the company is coming out with a maiden public issue of 1880000 equity shares of Rs. 10 each at par to mobilize Rs. 1.88 crore. Issue opens for subscription on 29.03.16 and will close on 06.04.16. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. Issue is solely managed by Guiness Corporate Advisors Pvt Ltd and Bigshare Services Pvt Ltd is the registrar to the issue. Post allotment, shares will be listed on BSE SME. Its current paid up equity capital of Rs. 5 crore will stand enhanced to Rs. 6.88 crore post IPO.

On performance front, the company has posted net profit of Rs. 0.18 crore on a turnover of Rs. 0.81 crore for the period ended 15.02.16 of the current fiscal.

On merchant banker’s front, as per prospectus this is 13th IPO from its stable, but in fact this is 18th one as five past mandates have been suspended for suspicious movements post listing under the money laundering charges. Other mandates have erratic movements.

Conclusion: This being at par issue, risk savvy investors with surplus funds may consider it for long term investment.


Conclusion / Investment Strategy

This being at par issue, risk savvy investors with surplus funds may consider it for long term investment.

Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on Mar 29, 2016

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the past, SME IPOs drew the attention of investors across the board. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at own risk. The above information is based on information available as on date coupled with market perceptions. The Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

Nintec Systems IPO FAQs

  1. 1. Why Nintec Systems IPO?

    The initial public offer (IPO) of Nintec Systems Ltd offers an early investment opportunity in Nintec Systems Ltd. A stock market investor can buy Nintec Systems IPO shares by applying in IPO before Nintec Systems Ltd shares get listed at the stock exchanges. An investor could invest in Nintec Systems IPO for short term listing gain or a long term.

  2. 2. How is Nintec Systems IPO?

    Read the Nintec Systems IPO recommendations by the leading analyst and leading stock brokers.

  3. 3. Nintec Systems IPO what should investors do?

    Nintec Systems IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Nintec Systems IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.

  4. 4. Is Nintec Systems IPO good?

    Our recommendation for Nintec Systems IPO is to subscribe.

  5. 5. Is Nintec Systems IPO worth Investing?

    As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe to the Nintec Systems IPO.

  6. 6. When will Nintec Systems IPO allotment status?

    The Nintec Systems IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Nintec Systems IPO allotment status to check.

  7. 7. When will Nintec Systems IPO list?

    The Nintec Systems IPO will list on Monday, April 18, 2016, at BSE SME.