Nitiraj Engineers IPO

Nitiraj Engineers IPO

Nitiraj Engineers IPO

 

Nitiraj Engineers IPO

Nitiraj Engineers is engaged in the manufacture and sale of wide range of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters. Its product portfolio range caters to both industrial and domestic consumption. Nitiraj Engineers is an ISO 9001:2008 certified company and produces more than 100,000 Scales per year and has more than one million customers. Its products are manufactured at the manufacturing unit located at Parwanoo, Himachal Pradesh. The company also has manufacturing facility at Silvassa, UT which is not under active use currently. The company supplies its products under the Phoenix brand.

Promoters of Nitiraj Engineers – Rajesh Raghunath Bhatwal 

Nitiraj Engineers IPO details

Subscription Dates 20 Feb - 1 Mar 2017
IPO Price band INR100 per share
Fresh issue 2,200,800 shares (INR22 crore)
Offer for sale Nil
Total IPO size 2,200,800 shares (INR22 crore)
Minimum bid (lot size) 1,200 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge (SME platform)

 

Nitiraj Engineers' financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue

29.0

28.7 41.2 43.9

56.6

Total expenses

24.5

26.2 35.3 37.4

47.8

Profit after tax

2.8 1.2 3.9 4.2

5.5

 

Nitiraj Engineers Subscription Details

Day

Subscription (no. of times)

Day 1

 0.37

Day 2

 0.41

Day 3

 0.47

Day 4

 0.59

Nitiraj Engineers Contact Details

Nitiraj Engineers Limited
City Survey No. 496 A/3, 4 Behind Gurudwara, Mumbai-Agra Road
Dhule 424 001

Phone: +91 2562 239 080
Email: investor@nitiraj.net
Website: www.nitiraj.net

Registrar of Nitiraj Engineers IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
ipo@bigshareonline.com
Website: www.bigshareonline.com

Nitiraj Engineers IPO Allotment Status

Nitiraj Engineers IPO allotment status will be available on available on Bigshare Services Private Limited website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Nitiraj Engineers IPO

IPO Opening Date: 20 February 2017

IPO Closing Date:  1 March 2017

Listing Date: To be updated

Listing Price on NSE SME:  To be updated

Closing Price on NSE SME:  To be updated

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3 Comments on "Nitiraj Engineers IPO"

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Nitiraj had EPS of 9.17 in 2016 so PE ratio is 10.9. But for profit of 5.5 crore, they have trade receivables from promoters of nearly 20 crore. In other words, this is interest free loan to promoters! Not looking good

Sir, trade receivables are not from the promoters. They are actual receivables of the business, so there is no question of any interest free loan to the promoters.

what is P/E

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