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Nitiraj Engineers IPO is a Fixed Price IPO listing on NSE EMERGE exchange, with an ipo size of ₹ 22.01 Cr. The company is based in Mumbai and caters to Electric Equipments sector. Arihant Capital Markets is the merchant banker of Nitiraj Engineers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 9th February 2017.
Nitiraj Engineers IPO open date is 20th February 2017 and close date is 1st March 2017. IPO Allotment Date is 30th November -0001 and Listing date is 9th March 2017.
IPO
Size:
₹ 22.01 Cr.
Avg IPO Size (Sector Based)
: ₹
33.56 cr.
Sector: Electric Equipments
SME
IPO so far:
51
Merchant Banker:
Arihant Capital
SME
IPO by BRLM so far:
5
City:
Mumbai
SME
IPO so far:
288
Revenue (annualised):
₹
64.02
cr. 
PE
Ratio:
9.00x
Average Sector PE Ratio: 18.30x
Nitiraj Engineers IPO size is ₹ 22.01 Cr. with IPO price of ₹ 100.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Arihant Capital Markets Limited is the book-running lead manager of the Nitiraj Engineers IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Alacrity Securities Limited for Nitiraj Engineers IPO.
Nitiraj Engineers IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Nitiraj Engineers IPO, based in Mumbai, operates in the Electric Equipments sector with a focus on manufacture and sale of wide range of Electronic Weighing Scales and Systems Currency Counting Machines and Electronic Fare Meters. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Nitiraj Engineers IPO size is ₹ 22.01 Cr. with fresh issue size of ₹ 22 and Offer for sale being ₹ Nil
The IPO allotment date for Nitiraj Engineers IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Nitiraj Engineers IPO allotment status on the registrars website, Bigshare Services Private Limited . Nitiraj Engineers IPO refund dates are 30th November -0001.
Nitiraj Engineers IPO is expected to be listed on 9th March 2017.
The upper price band for the Nitiraj Engineers IPO is set at ₹ 100.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Nitiraj Engineers IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Nitiraj Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 1st March 2017. After submission, funds are blocked until the basis of allotment of Nitiraj Engineers IPO is finalised.
The merchant banker for Nitiraj Engineers IPO is Arihant Capital Markets Limited . Arihant Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Nitiraj Engineers IPO RHP for further details.
The registrar for Nitiraj Engineers IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Nitiraj Engineers IPO through their official website or helpline.
Nitiraj Engineers IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 22.01 Cr.
Avg IPO Size (Sector Based)
:
₹ 33.56 Cr.
Sector: Electric Equipments
SME
IPO so far:
51
Merchant Banker:
Arihant Capital
SME
IPO by BRLM so far:
5
City:
Mumbai
SME
IPO so far:
288
Revenue (annualised):
₹ 31.94 cr.
PE
Ratio:
9.00x
Average Sector PE Ratio: 18.30x
Nitiraj Engineers IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Nitiraj Engineers Financial Review Page
Merchant Banker(s) of Nitiraj Engineers IPO: Arihant Capital Markets Limited
Nitiraj Engineers IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Nitiraj Engineers IPO listed at a listing price of 94.50 against the offer price of 100.00.
The current market price of Nitiraj Engineers is 214.90.
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