Nitiraj Engineers Ltd. is coming out with its Initial Public Offering (IPO) on 20th February, 2017 on NSE SME.
About us
Established in 1989, Nitiraj is one of the leading manufacturers of Electronic Weighing Scales and Systems, Currency Counting Machines and Digital Fare Meters in India, under the brand 'PHOENIX'. Our manufacturing unit is located at Parwanoo, Himachal Pradesh, Registered Office at Mumbai and Corporate Office at Dhule in Maharashtra. At present, our company produces more than 1,00,000 scales per year. More than 500 professionals are working with our company and we have more than 1 million satisfied customers in India and abroad. Over the years, NITIRAJ has made it a point to meet every customer’s need speedily and effectively. Wide product range, well connected sales and service network of 13 Branch offices and 430 Dealers, in-house Reasearch and Development team and a full-fledged manufacturing unit are the strenghts of NITIRAJ family.
Please visit www.nitiraj.net/ for more details.
About our IPO
Maiden IPO of 22,00,800 shares
Subscription dates : 20th February, 2017 to 1st March, 2017
Issue Size : Rs. 22.01 Cr
Share Price : Rs. 100 per equity share (including premium of Rs. 90)
Lot size : 1200 shares
Investment : Minimum Rs. 1.20 Lakhs and in its multiples thereafter
Listing on : NSE Emerge (SME Platform)
Promoter : Mr. Rajesh Raghunath Bhatwal
Lead Manager : Arihant Capital Markets Limited
Prospectus : https://www.nseindia.com/emerge/corporates/content/Nitiraj_Prospectus.pdf
Objects of the Issue
We propose to raise an amount of Rs. 2,200.80 lacs through the fresh issue. Our Company intends to utilize the Issue Proceeds for the following objects:
Audited Financials
All figures in Rs. Lakhs
Important links
2. Nitiraj IPO Stationaries : https://www.nseindia.com/emerge/live_market/content/live_watch/ipo/sme_ipo.htm
3. Share Application Forms : https://www.nseindiaipo.com/issueforms/html/index.html
4. Our Website : www.nitiraj.net/
For any queries, please contact : +91-9372811822
