Bookbuilding IPO | ₹168 Cr | Listed at BSE, NSE | Wed, Feb 22, 2006 - Mon, Feb 27, 2006
Nitco Tiles IPO is a book build issue of ₹168.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹168.00 crore.
Nitco Tiles IPO bidding started from Feb 22, 2006 and ended on Feb 27, 2006. The shares got listed on the NSE and the BSE on Mar 21, 2006.
Nitco Tiles IPO is set final issue price at ₹168 per share.
IL&FS Investsmart Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Nitco Tiles IPO RHP for detailed Information.
IPO Open
Wed, Feb 22, 2006
IPO Close
Mon, Feb 27, 2006
Issue Price
₹168 per share
Market Cap (Pre-IPO)
₹374.16 Cr
| IPO Date | 22 to 27 Feb, 2006 |
| Listed on | Tue, Mar 21, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹168 |
| Issue Price | ₹168 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹168 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹168 Cr) |
| Share Holding Pre Issue | 1,22,71,330 shares |
| Share Holding Post Issue | 2,22,71,330 shares |
| BSE Script Code / NSE Symbol | 532722 / NITCO |
| ISIN | INE858F01012 |
Nitco Tiles IPO comprises a total issue size of 1,00,00,000 shares. The net offer to the public is 90,00,000 shares, after excluding 10,00,000 shares under a preferential allotment. Of the Net offer 45,00,000 (50.00%) are allocated to QIB, 13,50,000 (15.00%) allocated to NII 31,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 45,00,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 13,50,000 | 15.00% | 13.50% |
| Retail Shares Offered | 31,50,000 | 35.00% | 31.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 10,00,000 | 10.00% | |
| Total Shares Offered | 1,00,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1966, Nitco Tiles is engaged in the business of providing comprehensive flooring solutions, offering a diverse range of tiles across multiple price points to cater to varied customer needs. Its product portfolio includes mosaic tiles, ceramic floor tiles, vitrified tiles, paving tiles, and imported marble, serving both residential and commercial segments.
Its manufacturing capabilities include mosaic tiles produced at our facility in Thane and ceramic and porcelain tiles manufactured at its plant in Poynad, Alibaug. In addition, the company source premium products such as vitrified tiles, wall tiles, and marble from reputed international suppliers, ensuring a wide selection of high-quality offerings.
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 267.86 | 248.77 | 193.57 | 190.62 |
| Total Income | 145.30 | 240.43 | 178.00 | 151.99 |
| Profit After Tax | 9.34 | 7.54 | 5.51 | 6.01 |
| NET Worth | 94.12 | 84.79 | 66.50 | 70.78 |
| Reserves and Surplus | 81.85 | 72.51 | 54.23 | 48.76 |
| Total Borrowing | 128.27 | 119.95 | 92.93 | 89.46 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land and site development | 1.70 |
| 2 | Building and Civil Works | 6.69 |
| 3 | Plant and Machinery | 79.92 |
| 4 | Contingencies | 1.25 |
| 5 | Margin money for working capital | 6.12 |
| 6 | Issue Expenses | 11.74 |
| 7 | General Corporate Purposes | 67.83 |
| Total | 175.25 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 8.89% |
| Price to Book Value | 2.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.14 | 8.39 |
| P/E (x) | 27.35 | 20.03 |
| Promoter Holding | 86.44% | 47.62% |
| Market Cap | ₹374.16 Cr. |
The Nitco Tiles IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 4.51 | 1,00,00,000 | 4,51,01,840 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees, underwriting commission and brokerage | 4.62 |
| 2 | Marketing and advertisement expenses | 3.30 |
| 3 | Stationary, printing and registrar expenses | 3.42 |
| 4 | Others | 0.40 |
| Total | 11.74 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹168.00 | ₹168.00 |
| Open | ₹172.00 | ₹180.00 |
| Low | ₹161.00 | ₹161.25 |
| High | ₹188.75 | ₹189.90 |
| Last Trade | ₹182.90 | ₹183.25 |
Nitco Tiles IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹168 Crores. The issue is priced at ₹168 per share. The minimum order quantity is .
The IPO opens on Wed, Feb 22, 2006, and closes on Mon, Feb 27, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nitco Tiles IPO using UPI as a payment gateway. Zerodha customers can apply in Nitco Tiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nitco Tiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nitco Tiles IPO opens on Wed, Feb 22, 2006 and closes on Mon, Feb 27, 2006.
Nitco Tiles IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Nitco Tiles 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 Nitco Tiles IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nitco Tiles IPO allotment status.
The Nitco Tiles IPO listing date is on Tue, Mar 21, 2006.
