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Niraj Cement Structurals IPO is a book build issue of ₹61.75 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹61.75 crore.
Niraj Cement Structurals IPO bidding started from May 26, 2008 and ended on May 30, 2008. The shares got listed on BSE on Jun 19, 2008.
Niraj Cement Structurals IPO price band is set at ₹190.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,250 (30 shares). The lot size investment for sNII is 36 lots (1,080 shares), amounting to ₹2,05,200, and for bNII, it is 176 lots (5,280 shares), amounting to ₹10,03,200.
The issue includes a reservation of up to 3,25,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Allahabad Bank is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Niraj Cement Structurals IPO RHP for detailed Information.
| IPO Date | May 26, 2008 to May 30, 2008 |
| Listing Date | June 19, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹175 to ₹190 per share |
| Issue Price Final | ₹190 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,50,000 shares (aggregating up to ₹61.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 70,92,800 shares |
| Share Holding Post Issue | 1,03,42,800 shares |
Niraj Cement Structurals IPO offers total 32,50,000 shares. Out of which 14,62,500 (45.00%) allocated to QIB, 4,38,750 (13.50%) allocated to NII, 10,23,750 (31.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 14,62,500 (45.00%) | NA |
| NII (HNI) Shares Offered | 4,38,750 (13.50%) | NA |
| Retail Shares Offered | 10,23,750 (31.50%) | 34,125 |
| Employee Shares Offered | 3,25,000 (10.00%) | NA |
| Total Shares Offered | 32,50,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Niraj Cement Structurals IPO opens on May 26, 2008, and closes on May 30, 2008.
| IPO Open Date | Mon, May 26, 2008 |
| IPO Close Date | Fri, May 30, 2008 |
| Tentative Listing Date | Thu, Jun 19, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 30, 2008 |
Investors can bid for a minimum of 30 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 | 30 | ₹5,700 |
| Retail (Max) | 35 | 1,050 | ₹1,99,500 |
| S-HNI (Min) | 36 | 1,080 | ₹2,05,200 |
| S-HNI (Max) | 175 | 5,250 | ₹9,97,500 |
| B-HNI (Min) | 176 | 5,280 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1998, Niraj Cement Structurals Ltd is engaged in the business of infrastructure development, building roads, airport upgradation, bridges, airport runways, pavements, industrial structures, ready mix concrete and others. The company is operating from Mumbai and at present executing project in Orissa and Maharashtra.
The list of projects completed by company:
1. Worli Bandra Sea Link Package;
2. Construction of Apron Flooring in connection with Construction of Air India Hanger Project, Mumbai;
3. Construction of Dry Lean Concrete & Pavement Quality with Slip Form Paver at Part Kon to Kalamboli;
4. Replacement of existing concrete pavement (apron) panels in front of Air India Hanger No. 1 & 2 at Old Airport;
5. Construction of New Fire Station at Mumbai Airport Mumbai, SH Rigid Pavement;
6. Execution of Track linking works in between Tomka-Keonjhar on E.C. Railway.
The Major Projects currently under execution:
1. Widening to 4/6 lanes and strengthening of existing 2 lane carriageway of NH-60 in the state of Orissa;
2. Widening and construction of LBS Marg from Sion to Kanjurmarg;
3. Widening and construction of LBS Marg from Kanjurmarg to Mulund Check Naka;
4. Dam & Spilway under Tuirial Hydro Electric Power Station Project Mizoram;
5. Strengthening and Extension of Container Yard at NMPT With Paver Blocks;
6. Providing Heavy Duty Pavement in Mangalore;
7. Providing Paver Block Pavement at Main Gate, KK Gate and Seamen’s Circle Junction in the Wharf Area in Mangalore etc.
| Particulars | For the year/period ended (Rs. in lacs) | |||
| 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 7,966.02 | 7,039.57 | 3,157.28 | 3,285.88 |
| Profit After Tax (PAT) | 637.53 | 779.49 | 160.11 | 253.51 |
| KPI | Values |
|---|---|
| RoNW | 12.87% |
The Company Niraj Cement Structurals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Investment in capital equipment | 209.47 |
| 2 | Funding long term working Capital Requirements | 181.68 |
| 3 | General Corporate Purposes | 200.96 |
| 4 | Meeting the issue expenses | 25.39 |
| Listing Date | June 19, 2008 |
| BSE Script Code | 532986 |
| NSE Symbol | NIRAJ |
| ISIN | INE368I01016 |
| Final Issue Price | ₹190 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹190.00 |
| Open | ₹185.00 |
| Low | ₹169.70 |
| High | ₹197.90 |
| Last Trade | ₹190.15 |
Niraj Cement Structurals Ltd.
Niraj Cement Structurals Ltd,
Sunder Baug, Opp. Deonar Depot,
Chembur
Mumbai, Maharashtra, 400088
Phone: +91-22-2551 3750
Email: info@niraj.co.in
Website: http://www.niraj.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ncsl@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Niraj Cement Structurals IPO is a main-board IPO of 32,50,000 equity shares of the face value of ₹10 aggregating up to ₹61.75 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 30.
The IPO opens on May 26, 2008, and closes on May 30, 2008.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Niraj Cement Structurals IPO using UPI as a payment gateway. Zerodha customers can apply in Niraj Cement Structurals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Niraj Cement Structurals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Niraj Cement Structurals IPO opens on May 26, 2008 and closes on May 30, 2008.
Niraj Cement Structurals IPO lot size is 30, and the minimum amount required for application is ₹5,700.
You can apply in Niraj Cement Structurals 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 Niraj Cement Structurals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Niraj Cement Structurals IPO allotment status.
The Niraj Cement Structurals IPO listing date is on Thursday, June 19, 2008.
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