IPO Issue Details
Issue Price / Price Band₹28 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size14,44,000 shares (aggregating up to ₹4.04 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 28 Sep 2016
Subscription CloseMon, 03 Oct 2016
Anchor AllotmentTue, 27 Sep 2016
Basis of AllotmentSun, 09 Oct 2016
Initiation of RefundsMon, 10 Oct 2016
Credit of Shares to DematMon, 10 Oct 2016
Listing DateMon, 10 Oct 2016
UPI Mandate Deadline2016-10-03
Application & Investment Details
Retail — Min (1 Lots)₹1,12,000 — 4,000 shares
Retail — Max (13 Lots)₹1,456,000 (13 Lots)
HNI — Min (2 Lots)₹2,24,000 — 8,000 shares
Net Offer to Public13,68,000 shares (aggregating up to ₹3.83 Cr)
Reserved for Market Maker76,000 shares (aggregating up to ₹0.2128 Cr)
Pre-IPO Promoter Holding15,05,580 shares
Post-IPO Promoter Holding29,49,580 shares
About Nandani Creation Ltd.
Incorporated in 2004, Nandani Creation Limited is engaged in the business of manufactures and sells apparel for women and girls. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their product range includes kurtis, duppattas, patiyala salwars, sarees, lehengas, pallazo, bottom wear, jackets, and salwar kameez. They have knows by their brand name "jaipurkurti.com".They have their own design studio and production house with the team of expert people in the department of its designing, printing, screen printing, Dying, stitching and Tie-Dye. Visit chittorgarh.com for more detail. Company sells their products online. They design products as per on going market demands and preferences.
Objects of the Issue
Nandani Creation Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
2.82
2
2 General corporate purposes
0.71
Shareholding & Lock-in
Pre-IPO Promoter Holding
15,05,580 shares
Post-IPO Promoter Holding
29,49,580 shares