Nitiraj Engineers Ltd - IPO

Nitiraj Engineers Ltd IPO Details

Public issue of 22,00,800 equity shares of Rs. 10/- each of Nitiraj Engineers Limited (The Company or The Issuer) for cash at a price of Rs. 100/- per share (The Issue Price), aggregating to Rs. 22.01 crores (The Issue), of which, 1,10,400 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 20,90,400 equity shares of Rs. 10/- each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.84% and 25.49% 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 is 10 times the face value.

Objective of issue

Development of new products. Setting up manuf. unit for existing & new products. Expansion of marketing network and brand building. General corporate purposes.

Nitiraj Engineers Ltd Contact Details

Nitiraj Engineers 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 - investor@nitiraj.net

Website - www.nitiraj.net