NINtec Systems Ltd - IPO

NINtec Systems Ltd IPO Details

Public issue of 18,80,000 equity shares of Rs. 10 each (equity shares) of Nintec Systems Limited (NSL or the company or the issuer) for cash at a price of Rs. 10 per share (the issue price), aggregating to Rs. 1.88 crores (the issue) of which, 1,00,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 17,80,000 equity Shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.33% and 25.87%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and The issue price of Rs. 10/-. The issue price is 1.00 time of the face value.

Objective of issue

To part finance incremental working capital req.. General corporate expenses.

NINtec Systems Ltd Contact Details

NINtec Systems Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - cs@nintecsystems.com

Website - www.nintecsystems.com