Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
|
NITIRAJ ENGINEERS LIMITED Corporate Identity Number: U31909MH1999PLC119231 Our 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 trie Assistant Registrar of Companies, Maharashtra, Mumbai on April 1,1999.
Subsequently, our Company was converted into a Public Limited Company pursuant to
Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the
Company held on June 8,2015 and the name of our Company was changed to Nitiraj Engineers
Limited vide a fresh Certificate of Incorporation dated June 22,2015 issued by the Deputy
Registrar of Companies, Maharashtra, Mumbai. For details of the changes in our Name,
Registered Office and other details, please see section titled "History and Certain
Other Corporate Information" on page 122 of the Prospectus. BASIS OF ALLOTMENT 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 2,200.80 LACS ("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 Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("NSE EMERGE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Issue. However, our company has received an approval letter dated September 16,2016 from NSE for using its name in Issue document for listing of our shares on the SME Platform of National Stock Exchange of India Limited. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE EMERGE"). The trading is proposed to be commenced on or about March 9,2017, subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited. All Applicants were allowed to participate in tile Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). The Issue has received 1,095 applications for 28,03,200 Equity Shares resulting in 1.27 times subscription (including reserved portion of market maker). The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 6,2017. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 100 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,10,400 Equity shares. The category wise details of the Basis of Allotment are as under:
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of ? 100 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.098 times i.e. for 11,48,400 Equity Shares. Total number of shares allotted in this category is 10,45,200 Equity Shares to 871 successful applicants. The category wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the Issue price of Rs 100 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.445 times i.e. for 15,10,800 shares. The total number of shares allotted in this category is 10,45,200 Equity Shares to 111 successful applicants. The category wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on March 6,
2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated
Stock Exchange viz. National Stock Exchange of India Limited and has authorized the
corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the
email id's and address of the Applicants as registered with the depositories / as filled
in the application form on or before March 9, 2017. Further, trie instructions to Self
Certified Syndicate Banks for unblocking the amount has been processed on March 6, 2017.
In case the same is not received within 10 days, investors may contact at the address
given below. The Equity Shares allocated to successful applicants are being credited to
their beneficiary accounts subject to validation of the account details with the
depositories concerned. The Company is taking steps to get the Equity Shares admitted for
trading on the SME Platform of National Stock Exchange of India Limited (NSE EMERGE)
within six working days from the date of the closure of the Issue. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where trie application had been lodged and payment details at the address of the Registrar given below: BIGSHARE SERVICES PRIVATE LIMITED
|
The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
See the basis of allotment document above to know how the shares are allocated in Nitiraj Engineers IPO .
The Nitiraj Engineers IPO basis of allotment (published above) tells you how shares are allocated to you in Nitiraj Engineers IPO and category wise demand of IPO share.
Visit the Nitiraj Engineers IPO allotment status page to check the number of shares allocated to your application.
In Nitiraj Engineers IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the Nitiraj Engineers IPO basis of allotment document to know how the shares are allocated in Nitiraj Engineers IPO.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
