Business Standard

Nitiraj Engineers Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

22.01 cr

Price Range (₹)

100

Lot Size

1200

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

20-Feb-2017

Close Date

01-Mar-2017

Listing Date

09-Mar-2017

Nitiraj Engineers Ltd News

    The Shares of Nitiraj Engineers Ltd have now been listed.

    Nitiraj Engineers Ltd IPO Details

    Public issue of 22,00,800 equity shares of Rs. 10/- each of Nitiraj Engineers Limited (The Company or The Issuer) for cash at a price of Rs. 100/- per share (The Issue Price), aggregating to Rs. 22.01 crores (The Issue), of which, 1,10,400 equity shares of Rs. 10/- each will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 20,90,400 equity shares of Rs. 10/- each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.84% and 25.49% respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10/- each and the issue price is 10 times the face value.

    Objective of issue

    Development of new products. Setting up manuf. unit for existing & new products. Expansion of marketing network and brand building. General corporate purposes.

    Nitiraj Engineers Ltd Contact Details

    Nitiraj Engineers 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 - investor@nitiraj.net

    Website - www.nitiraj.net