Nitin Fire Protection Industries Ltd - IPO

Nitin Fire Protection Industries Ltd IPO Details

Public issue of 33,90,000 Equity Shares of the face value Rs.10/- each for cash at a price of Rs.190/- per Equity Share (including share premiuim of Rs. 180/- per share) aggregating Rs. 64.41 crores (hereinafter referred to as the issue), including employee reservation of 1,50,000 Equity Shares of the face value Rs.10/- each at a price of Rs.190/- for cash aggregating Rs.2.85 Crores (Employee Reservation Portion) and net issue to the public of 32,40,000 equity shares of face value Rs.10/- each at a price of Rs.190/- for cash aggregating Rs.61.56 Crores by Nitin Fire Protection Industries Limited (the company) (the net issue to the public) and the net issue to the public would constitute 25.71% of the post issue paid-up capital of our Company.Issue Price is Rs.190/- per equity share of face value Rs.10/-The issue price is 19 times the face value.

Objective of issue

Setting-up a High-pressure Seamless Cylinder Plant.

Nitin Fire Protection Industries Ltd Contact Details

Nitin Fire Protection Industries Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - cs@nitinfire.com; accounts@nitinfire.com

Website - www.nitinfire.com