Nitiraj Engineers IPO, Review, IPO Performance by IPOPlatform India

About Nitiraj Engineers

Company Information

Nitiraj Engineers is an ISO 9001:2008 certified company, engaged in the manufacture and sale of wide range of Electronic Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters. Their product portfolio range caters to both industrial and domestic consumption. Their products are manufactured at their manufacturing unit located at Parwanoo, Himachal Pradesh. They also have manufacturing facility at Silvassa, UT which is not under active use currently. They supply their products under the brand through their large network of dealers to their customers in India as well as abroad. The Company was originally incorporated as Nitiraj Engineers Private Limited under Part IX of the Companies Act, 1956 and the Certificate of Incorporation was issued by the Assistant Registrar of Companies, Maharashtra, Mumbai on

Object of Issue

Development of new products
Setting up manufacturing Unit for the existing and new range of products
Expansion of Marketing Network and Brand building
General Corporate Purposes
Issue Expenses

Nitiraj Engineers SME IPO Details (at the time of IPO)

IPO Type :

Fixed Price

IPO Date :

Mar, 2017

IPO Size :

22.01 Cr.

PE Multiple :

9.00

Merchant Banker :
Arihant Capital Markets Limited

IPO Registrar:
Bigshare Services Private Limited

Anchor Investors:

FAQs

1. What is Nitiraj Engineers IPO?

Nitiraj Engineers operates in Electric Equipments and Manufacture And Sale Of Wide Range Of Electronic Weighing Scales And Systems Currency Counting Machines And Electronic Fare Meters. The Issue is listed on NSE EMERGE in Mar, 2017. Nitiraj Engineers IPO size was 22.01 Cr. with Issue price of 100.00 .

2. Who is the merchant banker of Nitiraj Engineers IPO?

Merchant Banker(s) of Nitiraj Engineers IPO: Arihant Capital Markets Limited

3. How many times Nitiraj Engineers IPO was subscribed?

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.

4. What is the listing price of Nitiraj Engineers IPO?

Nitiraj Engineers IPO listed at a listing price of 94.50 against the offer price of 100.00.

5. What is the current market price of Nitiraj Engineers IPO?

The current market price of Nitiraj Engineers is 228.71.