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IPO Synopsis

Nitiraj Engineers Ltd
Registered Office: 306A Bhabha Building N M Joshi,Marg Delisle Road , Mumbai - 400011 , Maharashtra , India.
Phone :    Fax:
Email :  investor@nitiraj.net  
Website :  www.nitiraj.net
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.

Issue Money Payable On
Opens On Closes On Application Allotment
20-Feb-17 01-Mar-17 (Rs)100.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 22.00 Arihant Capital Markets Ltd
Project Financed through Current Offer 22.01  
Post Issue Equity Share Capital 8.20  
Issue Price (Rs)100.00  
Projects
Development of new products Expansion of marketing network and brand building
Setting up manuf. unit for existing & new products General corporate purposes
Promoted By
Rajesh Raghunath Bhatwal  
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.

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