Issue Price
₹100
Per Share
GMP
NIL
Grey Market
Est. Listing
₹100
Expected Price
Min. Application
₹240,000
2 lots × 1200 shares
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
Nitiraj Engineers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 110,400 | — | ₹1.10 Cr | — |
| TOTAL | 2,200,800 | 100.00% | ₹22.01 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| sNII (Min) | 14 | 16,800 | ₹1,680,000 |
| bNII (Min) | 68 | 81,600 | ₹8,160,000 |
| Particulars | 31-Dec-15 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue from Operations | 4519.64 | 9062.67 | 7725.82 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 364.72 | 418.40 | 389.01 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 4690.59 | 3705.64 | 3269.90 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |