Nitin Fire Protection Industries Ltd IPO Message Board (Page 8)

any further news ragarding nitin fire

NITIN FIRE WILL LIST ON 05/06/07. SOURCE CNBC -AAWAZ.

NITIN FIRE WILL LIST ON 5/06/07.

Nitin Fire Protection listing seen postponed Add to

INDIATIMES NEWS NETWORK[ MONDAY, JUNE 04, 2007 12:38:24 PM]
MUMBAI: The listing of Nitin Fire Protection Industries Ltd. shares may be postponed to Thursday. It is scheduled to list on the bourses Tuesday.

"One document is required for listing. If we manage to submit it today, then the listing will be on June 5 or else we will get listed on June 7," said Company Secretary Abhishek Srivastava.

The company's 34 lakh share initial public offer was a success with subscription of 48.31 times. The IPO was open between May 15-18.

The company had fixed the issue price on the higher side of the book building price band of Rs 171 and Rs 190 per share.

Qualified institutional investors subscribed 50.07 times the issue size reserved for them in the IPO, non-institutional investors subscribed 98.57 times, and retail investors 29.01 times. The net issue constitutes 25.71% of the post paid up share capital.

Nitin Fire Protection is engaged in the business of fire protection systems. It provides wide range of products including fire extinguishers and gas based suppression systems.

The IPO was aimed at funding a high-pressure seamless cylinder plant at Visakhapatnam special economic zone through investment in the company's wholly owned subsidiary, Nitin Cylinders.

Total cost of the project is Rs 1,180.82 crore. The plant, being set up in two phases, will have capacity to manufacture 5 lakh CNG cylinders per year.

The first phase of the project, with a capacity to produce 2.5 lakh CNG cylinders, started production in May.

In 2006-07 (April-March), the company recorded total income of Rs 101.71 crore and net profit of Rs 9.99 crore. In the previous year, the total income was Rs 72.61 crore and net profit Rs 6.53 crore.

The company has two manufacturing cum warehousing units at Vashi and Taloja, near Mumbai. In addition, the company has a system design and service centre in Mumbai.

as per cnbc awaj the listing date is 5th june OE NITIN FIRE

Hi amit from where u see the listing date on 05-6-07

Hi All

listing date is 05/06/2007.....

hi tanushree, can u please suggest can i hold macdowlholdings for long term.

anybody can u tell on which date it will b e going to listing?

MIC is telecom share. Telecom, IT shares usually lists with bang. But this is industry based share.FII are not very much keen for this. So you can't expect more except fair list price may be 260-300 and may go to 320-330.

hai everyone, i am back, my friends and well wisher seek advice from me what to do with nitin now. my sincere advise to them is that company is good no doubt and if you are long term investor say 1 year or so then you should hold on and if you are short term investor please watch the level of 400 and start booking your profits, the share may go upto rs. 500 or so and in the long run it may touch 800 or so but in near term 500 is the cap price. i wish to congraulate vikram for his timely and accuretly predicting capital market review well in advance, though i do not know from where they have got the information well in advance, though i also happen to be subscriber of telefolio plus.

There are some confusion abt the lsiting date . Bigshare saying probable date is 5th june , where Nitin fire says probable date may be 8 th june . Looks the date is not finalised yet . may be by tomorrow it will be clear .
Stock looks for long term . who ever got allotment in IPO will denitely get premium , a good price to re enter would be 266 rs , anything more than would be expensive. the price may go more on Ist day . it will cool off in day two or 3 then lon term investor will get chance to enter at below 266 .
happy investment ! Please note the above is my personal opinion and I may be completely wrong . My intention is not to enter into any debate .

Can anyone pls let me know what is the listing date for this company?

I think one can book profit at @500/- as Everest Kano has taken good more than a year to get a level of rs 1100/-

Anand what make u think its not going to list more than 260 with so huge demand and its peer everest kanto is at 1100+ and also its cylinder business which will be required in almost all SEZ and with utmost demand of gas fillers and cylinder.My target is opening at 310 and closing at 400+ and will almost go same way as mic electronics is even higher than that.Regarding Asahi ipo not too great stock and not too bad also but i am not seeing much demand for it.

tannushri this is true that this is not going to be listed more than 260/- and listing date is 5/06/2007
what is your opinion regarding IPO ASAHI SONGWON IPO

Does anyone know when Nitin fire is listing????

What is the listing date?

hi
i think that NFPIL may be listed around 310 to 340 and immediatly its goes to 425 levels. i think who have allotted in the ipo they have to book profit on these levels. if u r a long term investor you must be hold this stock for the target of 750 in a one or two months.

Can we expect it to go the same way as MIC since subscription is almost the same