Nimstech Industries Ltd - IPO

Nimstech Industries Ltd IPO Details

Initial public offer of 15,93,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Nimstech Industries Limited (the Company or the Issuer) for cash at a price of Rs. 44 per equity share, including a share premium of Rs. 34/- per equity share (the Issue Price), aggregating to Rs. 7.01 crores (The Issue), of which 81,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 44/- per equity share, aggregating to Rs. 0.36 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 15,12,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 44/- per equity share, aggregating to Rs. 6.65 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.81% and 28.30% respectively of the post issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10/- each and the issue price is Rs. 44/- each i.e., 4.4 times of the face value of the equity shares. The minimum lot size is 3000 equity shares.

Objective of issue

Purchase of a REgistred office for the Company and furnishing of the same. To meet the incremental working capital requirements. To meet the General Corporate Purposes.

Nimstech Industries Ltd Contact Details

Nimstech Industries Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - info@nimstech.com

Website - www.nimstech.com