Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Tue, Mar 29, 2016 - Wed, Apr 6, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 29, 2016
IPO Close
Wed, Apr 6, 2016
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹6.88 Cr
| IPO Date | 29 Mar to 6 Apr, 2016 |
| Listed on | Mon, Apr 18, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,80,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 1,00,000 shares Guiness Securities Ltd. (agg. up to ₹0.1000 Cr) |
| Fresh Issue (Ex Market Maker) | 17,80,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 17,80,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 68,80,000 shares |
| BSE Script Code | 539843 NINSYS |
| ISIN | INE395U01014 |
Nintec Systems IPO comprises a total issue size of 18,80,000 shares. The net offer to the public is 17,80,000 shares, after excluding 1,00,000 shares allotted on a firm basis. Of the Net offer 8,90,000 (50.00%) allocated to NII 8,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,90,000 | 50.00% | 47.34% |
| Retail Shares Offered | 8,90,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,00,000 | 5.32% | |
| Total Shares Offered | 18,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| 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 | To part-finance incremental working capital requirements | 1.02 |
| 2 | General Corporate Expenses | 0.47 |
| 3 | Issue Expenses | 0.39 |
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 | Issue Management fees including fees and reimbursements of market making fees, underwriting fees, selling commissions, brokerages, and payment to other intermediaries such as legal advisors, registrars and other out of pocket expenses. | 0.34 |
| 2 | Regulatory Fees | 0.02 |
| 3 | Other Expenses (printing, stationery, advertisement, postage etc.) | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.70 |
| Low | ₹11.12 |
| High | ₹12.00 |
| Last Trade | ₹11.40 |
Lead Manager Reports
Nintec Systems IPO is a SME IPO of 18,80,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Tue, Mar 29, 2016, and closes on Wed, Apr 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 Tue, Mar 29, 2016 and closes on Wed, Apr 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 Mon, Apr 18, 2016.
