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Nintec Systems IPO is a fixed price issue of ₹1.88 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹1.88 crore.
Nintec Systems IPO bidding started from Mar 29, 2016 and ended on Apr 6, 2016. The shares got listed on BSE SME on Apr 18, 2016.
Nintec Systems IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Nintec Systems IPO RHP for detailed Information.
| IPO Date | March 29, 2016 to April 6, 2016 |
| Listing Date | April 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,80,000 shares (aggregating up to ₹1.88 Cr) |
| Reserved for Market Maker | 1,00,000 shares Guiness Securities Ltd. (aggregating up to ₹0.1000 Cr) |
| Net Offered to Public | 17,80,000 shares (aggregating up to ₹1.78 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,80,000 shares |
Nintec Systems IPO offers total 18,80,000 shares. Out of which 8,90,000 (47.34%) allocated to NII, 8,90,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,00,000 (5.32%) |
| NII (HNI) Shares Offered | 8,90,000 (47.34%) |
| Retail Shares Offered | 8,90,000 (47.34%) |
| Total Shares Offered | 18,80,000 (100.00%) |
Nintec Systems IPO opens on March 29, 2016, and closes on April 6, 2016.
| IPO Open Date | Tue, Mar 29, 2016 |
| IPO Close Date | Wed, Apr 6, 2016 |
| Tentative Listing Date | Mon, Apr 18, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 6, 2016 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Incorporated in 2015, Nintec Systems Ltd is a provider of software development services and solutions. They are specialize in providing offshore software product development, software migration, multimedia design & development, application development & maintenance, web designing, digitization of engineering drawings, and search engine optimization.
Nintec Systems customer base includes companies from diverse industry verticals like Automotive, Print Media & Publishing, Banking, Financial Services & Insurance (BFSI), Transportation and Logistics.
The Company Nintec Systems 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 | To part-finance incremental working capital requirements | 1.02 |
| 2 | General Corporate Expenses | 0.47 |
| 3 | Issue Expenses | 0.39 |
[Dilip Davda] This being at par issue, risk savvy investors with surplus funds may consider it for long term investment. Read detail review...
| Listing Date | April 18, 2016 |
| BSE Script Code | 539843 |
| NSE Symbol | NINSYS |
| ISIN | INE395U01014 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.70 |
| Low | ₹11.12 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Nintec Systems Ltd.
B-11 Corporate House,
SG Highway,
Bodakdev,
Ahmedabad, Gujarat, 380054
Phone: +91-7940393909
Email: cs@nintecsystems.com
Website: http://www.nintecsystems.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nintec Systems IPO is a SME IPO of 18,80,000 equity shares of the face value of ₹10 aggregating up to ₹1.88 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 29, 2016, and closes on April 6, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Nintec Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Nintec Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nintec Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nintec Systems IPO opens on March 29, 2016 and closes on April 6, 2016.
Nintec Systems IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Nintec Systems 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 Nintec Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Nintec Systems IPO allotment status.
The Nintec Systems IPO listing date is on Monday, April 18, 2016.
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