ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Nitiraj Engineers IPO vs Steel City Securities IPO

Comparison between Nitiraj Engineers IPO and Steel City Securities IPO.

IPO Details

Nitiraj Engineers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Steel City Securities IPO is a SME Fixed Price proposed to list at NSE SME.

 Nitiraj Engineers IPOSteel City Securities IPO
LogoNitiraj Engineers IPO LogoSteel City Securities IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersArihant Capital Markets Ltd.Keynote Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Keynote Capitals Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Nitiraj Engineers IPO is up to ₹20.90 Cr whereas the issue size of the Steel City Securities IPO is up to ₹25.64 Cr. The final issue price of Nitiraj Engineers IPO is ₹100.00 per share and of Steel City Securities IPO is ₹55.00 per share.

 Nitiraj Engineers IPOSteel City Securities IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹100.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size20,90,400 shares24,80,183 shares
Fresh Issue Size (Amount)up to ₹20.90 Crup to ₹13.64 Cr
OFS Issue Size0 shares21,81,817 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.00 Cr
Issue Size Total20,90,400 shares46,62,000 shares
Issue Size Total (Amount)up to ₹20.90 Crup to ₹25.64 Cr

IPO Timetable

Nitiraj Engineers IPO opens on Feb 20, 2017, while Steel City Securities IPO opens on Feb 06, 2017. The closing date of Nitiraj Engineers IPO and Steel City Securities IPO is Mar 01, 2017, and Feb 09, 2017, respectively.

 Nitiraj Engineers IPOSteel City Securities IPO
Issue OpenFeb 20, 2017Feb 06, 2017
Issue CloseMar 01, 2017Feb 09, 2017
Basis Of Allotment (Tentative)Mar 06, 2017Feb 14, 2017
Listing date (Tentative)Mar 09, 2017Feb 17, 2017

Financials & KPIs

Nitiraj Engineers IPO P/E ratio is , as compared to Steel City Securities IPO P/E ratio of .

 Nitiraj Engineers IPOSteel City Securities IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets50.3349.0937.0632.70
Total Income32.0156.5443.8741.17
Profit After Tax4.515.504.183.89
NET Worth37.6133.4728.0623.87
Reserves and Surplus31.6127.4727.0622.87
Total Borrowing5.427.192.020.25
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets88.1975.7785.7372.18
Total Income16.2626.6631.6421.67
Profit After Tax2.653.936.573.29
NET Worth51.3648.6546.5345.20
Reserves and Surplus38.9836.2734.1532.82
Total Borrowing4.744.8017.643.42
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.00%69.56%
Promoter Shareholding (Post-Issue)65.85%42.58%
Market Cap₹82.01 Cr.₹83.09 Cr.

Shares Offered

In the Nitiraj Engineers IPO Retail Individual Investors (RII) are offered 10,45,200 shares while in Steel City Securities IPO retail investors are offered 10,45,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Nitiraj Engineers IPO and 0 shares in Steel City Securities IPO.

 Nitiraj Engineers IPOSteel City Securities IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,10,400 shares2,46,000 shares
QIB0 shares0 shares
NII10,45,200 shares23,31,000 shares
RII10,45,200 shares23,31,000 shares
Employee0 shares0 shares
Total20,90,400 shares46,62,000 shares

Bids Received (Subscription)

Nitiraj Engineers IPO subscribed 1.43x in total, whereas Steel City Securities IPO subscribed 4.82x.

 Nitiraj Engineers IPOSteel City Securities IPO
NII (times)1.68x3.12x
RII (times)1.18x6.51x
Total (times)1.43x4.82x

Compare with others

Nitiraj Engineers IPOSteel City Securities IPO
IFL Enterprises IPORMC Switchgears IPO
Sanginita Chemicals IPOTanvi Foods IPO
Akash Infra-Projects IPONitiraj Engineers IPO
RMC Switchgears IPOGlobal Education IPO
Tanvi Foods IPOKrishana Phoschem IPO
Global Education IPOMadhav Copper IPO
Krishana Phoschem IPOSuper Fine Knitters IPO
Steel City Securities IPOMaheshwari Logistics IPO
Madhav Copper IPOProlife Industries IPO
Super Fine Knitters IPOLibas Designs IPO

Compare:

Nitiraj Engineers IPO Vs Steel City Securities IPO