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Nityanand Udyog IPO IPO

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Issue Size
44,60,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight

Restated Financials (₹ Cr.)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets26.1219.1412.93
Total Income23.6323.3320.81
Profit After Tax4.802.993.14
EBITDA5.722.352.64
NET Worth16.045.662.67
Reserves and Surplus5.123.730.74
Total Borrowing6.249.796.39
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Safecure Services Ltd.SME₹30.60 Cr₹10211.66₹77.55-23.97%₹23.97 (+0.00%)
NIS Management Ltd.SME₹60.01 Cr₹1119.13₹102.60-7.57%₹47.00 (+0.00%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Part-finance the cost of establishing new manufacturing facility to expand our production capabilities of sheet metal products and components at Plot No. B-122, Butibori Industrial Area, Butibori, Nagpur, Maharashtra, India (“Proposed manufacturing facility”)23.43
2Funding requirement for the upgradation of machinery and equipment at our existing facility6.35
3Funding working capital requirements of our Company5.00
4General corporate purposes

About Nityanand Udyog IPO

Incorporated in 1976, Nityanand Udyog Limited is involved in the design, engineering, and manufacture of plastic-based assemblies and sub-systems for original equipment manufacturers (OEMs) in India, with a primary focus on the defence sector. The company integrates plastic, sheet metal, rubber, and machined components to deliver assemblies used in defence applications. Its main business includes supplying plastic hardware for landmines, ammunition packaging, grenade casings, detonator parts, and charge cases. The company also produces custom plastic assemblies for packaging and electronics, and operates a retail unit for woollen and home linen products. The company designs and develops moulds used for prototyping and production. These moulds are either produced in-house or sourced from specialized vendors. Manufacturing Facility:The company operates from a 3,657.79 sq. m. facility in MIDC, Hingna Road, Nagpur, Maharashtra. The unit includes areas for raw material storage, manufacturing, quality control, and finished goods. It also houses an R&D unit for product development and testing. Over time, the company has shifted from woollen clothing to manufacturing over 100 types of plas

Contact Details

Nityanand Udyog Ltd. AddressPlot No. 6-A, MIDC,Hingna Road,MIDC NagpurNagpur, Maharashtra, 440016+91-9226539753cs@nityanandudyog.comVisit Website