Nitiraj Engineers initial public offering (IPO) has a set price of Rs 22.01 crore. Nitiraj Engineers initial public offering (IPO) bidding began on February 20, 2017 and closed on March 1, 2017. On March 9, 2017, the shares were listed on the NSE SME. The IPO price for Nitiraj Engineers is $100 per share. A minimum lot size of 1200 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
Nitiraj Engineers Limited, founded in 1989, develops and sells a variety of electronic weighing scales and systems, cash counting equipment, and electronic fare meters for industrial and home use. Jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, infant weighing, person weighing, adult weighing, body mass index, and kitchen scales are available, as well as special application indicators, currency counting devices, and taxi/rickshaw fare meters. The Phoenix brand is used by the corporation to sell its products to customers
in India and around the world through a network of dealers.
Objects of the Issue (Nitiraj Engineers IPO Objectives)
The object of the issue is:
- Development of new products;
- Setting up manufacturing Unit for the existing and new range of products;
- Expansion of Marketing Network and Brand building;
- General Corporate Purposes;
- Issue Expenses.
Nitiraj Engineers IPO Details
| IPO Date | February 20, 2017 to March 1, 2017 |
| Listing Date | March 9, 2017 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,200,800 shares (aggregating up to ₹22.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Nitiraj Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
Nitiraj Engineers Company Financials
| Particulars | 31-Dec-15 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
|---|---|---|---|---|---|---|
| Total Assets | 4,690.59 | 3,705.64 | 3,269.90 | 2,729.89 | 2,667.38 | 2,224.49 |
| Total Revenue | 4,519.64 | 9,062.67 | 7,725.82 | 9,083.70 | 4,187.20 | 2,693.28 |
| Profit After Tax (PAT) | 364.72 | 418.40 | 389.01 | 121.45 | 284.28 | 186.12 |
Nitiraj Engineers IPO Listing Details
| Listing Date | March 9, 2017 |
| BSE Script Code | |
| NSE Symbol | NITIRAJ |
| ISIN | INE439T01012 |
| Final Issue Price | ₹100 per share |
Nitiraj Engineers Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹97.00 |
| Low | ₹87.00 |
| High | ₹97.10 |
| Last Trade | ₹94.50 |
Nitiraj Engineers Ltd Contact Details
Nitiraj Engineers Ltd
306A Bhabha Building,
N. M. Joshi Marg, Delisle Road,
Mumbai
Phone: 022-23094161
Email: [email protected]
Website: http://www.nitiraj.net
Nitiraj Engineers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263-8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Nitiraj Engineers IPO FAQs
Q1. What is Nitiraj Engineers IPO?
Ans. Nitiraj Engineers IPO is a SME IPO of 2,200,800 equity shares with a face value of ₹10, aggregating up to ₹22.01 crore. The issue is priced at ₹100 per share. The minimum order quantity is 1200 shares. The IPO opens on February 20, 2017, and closes on March 1, 2017.
Q2. When will Nitiraj Engineers IPO open?
Ans. The Nitiraj Engineers IPO opens on February 20, 2017 and closes on March 1, 2017.
Q3. What is the lot size of Nitiraj Engineers IPO?
Ans. Nitiraj Engineers IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
Q4. When is Nitiraj Engineers IPO listing date?
Ans. The Nitiraj Engineers IPO listing date is on March 9, 2017.
