Nitiraj Engineers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,045,200 (47%) | — | ₹1,045 Cr |
| Retail | — | 1,045,200 (47%) | — | ₹1,045 Cr |
| Market Maker | — | 110,400 (5%) | — | ₹11 Cr |
| Σ Total | — | 2,200,800 (100%) | — | ₹22,008 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,680,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Dec-15 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 4,520 | 9,063 | 7,726 |
| Profit After Tax | 365 | 418 | 389 |
| Total Assets | 4,691 | 3,706 | 3,270 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Development of new products – 5.25
- Setting up manufacturing Unit for the existing and new range of product – 5.75
- Expansion of Marketing Network and Brand building – 5.00
- General Corporate Purposes – 5.00
- Issue Expenses – 1.01
Company Overview
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