Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Wed, Sep 28, 2016 - Mon, Oct 3, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 28, 2016
IPO Close
Mon, Oct 3, 2016
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹8.26 Cr
| IPO Date | 28 Sep to 3 Oct, 2016 |
| Listed on | Mon, Oct 10, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,44,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 76,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.2128 Cr) |
| Fresh Issue (Ex Market Maker) | 13,68,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 13,68,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 15,05,580 shares |
| Share Holding Post Issue | 29,49,580 shares |
| NSE Symbol | JAIPURKURT |
| ISIN | INE696V01013 |
Nandani Creation IPO comprises a total issue size of 14,44,000 shares. The net offer to the public is 13,68,000 shares, after excluding 76,000 shares allotted on a firm basis. Of the Net offer 6,84,000 (50.00%) allocated to NII 6,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,84,000 | 50.00% | 47.37% |
| Retail Shares Offered | 6,84,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 76,000 | 5.26% | |
| Total Shares Offered | 14,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 2.82 |
| 2 | General corporate purposes | 0.71 |
| KPI | |
|---|---|
| RoNW | 76.9% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.98% | 51.04% |
| Market Cap | ₹8.26 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.45 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹31.00 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
Nandani Creation IPO is a SME IPO of 14,44,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Sep 28, 2016, and closes on Mon, Oct 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 Wed, Sep 28, 2016 and closes on Mon, Oct 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 Mon, Oct 10, 2016.
