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Nandani Creation IPO is a fixed price issue of ₹4.04 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹4.04 crore.
Nandani Creation IPO bidding started from Sep 28, 2016 and ended on Oct 3, 2016. The shares got listed on NSE SME on Oct 10, 2016.
Nandani Creation IPO price is ₹28.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Indian Overseas Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is BCB Brokerage Pvt.Ltd..
Refer to Nandani Creation IPO RHP for detailed Information.
| IPO Date | September 28, 2016 to October 3, 2016 |
| Listing Date | October 10, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,44,000 shares (aggregating up to ₹4.04 Cr) |
| Reserved for Market Maker | 76,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.2128 Cr) |
| Net Offered to Public | 13,68,000 shares (aggregating up to ₹3.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 15,05,580 shares |
| Share Holding Post Issue | 29,49,580 shares |
Nandani Creation IPO offers total 14,44,000 shares. Out of which 6,84,000 (47.37%) allocated to NII, 6,84,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 76,000 (5.26%) |
| NII (HNI) Shares Offered | 6,84,000 (47.37%) |
| Retail Shares Offered | 6,84,000 (47.37%) |
| Total Shares Offered | 14,44,000 (100.00%) |
Nandani Creation IPO opens on September 28, 2016, and closes on October 3, 2016.
| IPO Open Date | Wed, Sep 28, 2016 |
| IPO Close Date | Mon, Oct 3, 2016 |
| Tentative Listing Date | Mon, Oct 10, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 3, 2016 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, Nandani Creation Limited is engaged in the business of manufactures and sells apparel for women and girls. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Their product range includes kurtis, duppattas, patiyala salwars, sarees, lehengas, pallazo, bottom wear, jackets, and salwar kameez. They have knows by their brand name "jaipurkurti.com".
They have their own design studio and production house with the team of expert people in the department of its designing, printing, screen printing, Dying, stitching and Tie-Dye. Visit chittorgarh.com for more detail. Company sells their products online. They design products as per on going market demands and preferences.
| KPI | Values |
|---|---|
| RoNW | 76.9% |
The Company Nandani Creation IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 2.82 |
| 2 | General corporate purposes | 0.71 |
[Dilip Davda] Being highly priced offer, only cash surplus risk savvy investors may park funds for long term, others may give it a miss. Read detail review...
| Listing Date | October 10, 2016 |
| BSE Script Code | |
| NSE Symbol | JAIPURKURT |
| ISIN | INE696V01013 |
| Final Issue Price | ₹28 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹31.00 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Nandani Creation Ltd.
F-95 Kartarpura Industrial Area,
Near 22 Godam,
Jaipur - 302006
Jaipur, Rajasthan
Phone: 91-141-4037596
Email: info@jaipurkurti.com
Website: http://www.jaipurkurti.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nandani Creation IPO is a SME IPO of 14,44,000 equity shares of the face value of ₹10 aggregating up to ₹4.04 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on September 28, 2016, and closes on October 3, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Nandani Creation IPO using UPI as a payment gateway. Zerodha customers can apply in Nandani Creation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nandani Creation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nandani Creation IPO opens on September 28, 2016 and closes on October 3, 2016.
Nandani Creation IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Nandani Creation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nandani Creation IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Nandani Creation IPO allotment status.
The Nandani Creation IPO listing date is on Monday, October 10, 2016.
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