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Open
20 Feb to 1 Mar, 2017
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Close
20 Feb to 1 Mar, 2017
3
Allotment
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Listing
Thu, Mar 9, 2017
Price Band
₹100 per share
Issue Size
22,00,800 shares (agg. up to ₹22 Cr)
Lot Size
1,200 Shares
Listing Date
Thu, Mar 9, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.27x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ruby Cables Ltd. | SME | ₹10.01 Cr | ₹50 | null | ₹50.00 | +0.00% | (+0.00%) |
| Relicab Cable Manufacturing Ltd. | SME | ₹3.22 Cr | ₹20 | null | ₹20.35 | +1.75% | ₹38.41 (+1.48%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Development of new products | 5.25 |
| 2 | Setting up manufacturing Unit for the existing and new range of products | 5.75 |
| 3 | Expansion of Marketing Network and Brand building | 5.00 |
| 4 | General Corporate Purposes | 5.00 |
| 5 | Issue Expenses | 1.01 |
About Nitiraj Engineers IPO
Incorporated in 1989, Nitiraj Engineers Limited manufactures and sells a range of electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption.They offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, person weighing, adult weighing, body mass index, and kitchen scales; and special application indicators, currency counting machines, and taxi/rickshaw fare meters. The company supplies its products under the Phoenix brand name through a network of dealers to customers in India and internationally.+ Read More
Contact Details
Nitiraj Engineers Ltd. Address306A Bhabha BuildingN.M.Joshi MargDelisle RoadMumbai, Maharashtra, 400011022-23094161investor@nitiraj.netVisit Website