Bookbuilding IPO | ₹49 Cr | Listed at BSE, NSE | Fri, Jan 6, 2006 - Thu, Jan 12, 2006
Nitin Spinners IPO is a book build issue of ₹49.00 crores. The issue is entirely a fresh issue of 2.33 crore shares of ₹49.00 crore.
Nitin Spinners IPO bidding started from Jan 6, 2006 and ended on Jan 12, 2006. The shares got listed on NSE and BSE on Feb 2, 2006.
Nitin Spinners IPO is set final issue price at ₹21 per share.
Standard Chartered Securities (India) Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Nitin Spinners IPO RHP for detailed Information.
IPO Open
Fri, Jan 6, 2006
IPO Close
Thu, Jan 12, 2006
Issue Price
₹21 per share
Market Cap (Pre-IPO)
₹85.75 Cr
| IPO Date | 6 to 12 Jan, 2006 |
| Listed on | Thu, Feb 2, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹18 to ₹21 |
| Issue Price | ₹21 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,33,33,945 shares (agg. up to ₹49 Cr) |
| Reserved for Private Promoter | 42,85,717 shares (agg. up to ₹9 Cr) |
| Fresh Issue | 1,90,48,228 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 1,90,48,228 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,75,00,000 shares |
| Share Holding Post Issue | 4,08,33,945 shares |
| BSE Script Code / NSE Symbol | 532698 / NITINSPIN |
| ISIN | INE229H01012 |
Nitin Spinners IPO comprises a total issue size of 1,90,47,620 shares. The net offer to the public is 1,35,71,427 shares, after excluding 42,85,717 shares allotted on a firm basis and 11,90,476 shares under a preferential allotment. Of the Net offer 89,28,571 (50.00%) are allocated to QIB, 26,78,572 (15.00%) allocated to NII 62,50,001 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 89,28,571 | 50.00% | 46.87% |
| NII (HNI) Shares Offered | 26,78,572 | 15.00% | 14.06% |
| Retail Shares Offered | 62,50,001 | 35.00% | 32.81% |
| Preferential Reservations | |||
| Employee Shares Offered | 11,90,476 | 6.25% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 42,85,717 | 22.50% | |
| Total Shares Offered | 1,90,47,620 | 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) |
Nitin Spinners Ltd anufactures combed and carded cotton yarn in single and multifold forms, along with knitted fabrics such as single jersey, rib, and interlock. Its products are used across apparel, garments, towels, denim, medical, furnishing, and industrial fabric applications.
With modern machinery from leading global and domestic manufacturers, the company operates 27,216 spindles and 1,872 rotors (10,000 TPA yarn capacity) and 15 knitting machines (2,000 TPA fabric capacity).
As a 100% export-oriented unit, the company supplies yarns and fabrics to customers in over 18–20 countries, with plans to expand its global market presence further.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 121.77 | 121.52 | 102.21 | 79.03 |
| Total Income | 49.68 | 81.74 | 65.69 | 60.50 |
| Profit After Tax | 3.00 | 2.88 | 1.09 | 1.21 |
| NET Worth | 42.36 | 31.63 | 29.03 | 20.99 |
| Reserves and Surplus | 15.55 | 12.63 | 9.55 | 6.99 |
| Total Borrowing | 40.71 | 52.74 | 67.11 | 52.83 |
| 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 | 0.75 |
| 2 | Building | 17.10 |
| 3 | Plant & Machinery – Imported & Indigenous | 97.15 |
| 4 | Miscellaneous Fixed Assets | 8.00 |
| 5 | Pre-operative Expenses | 9.45 |
| 6 | Provision for Contingency | 8.47 |
| 7 | Margin Money for Working Capital | 9.08 |
| Total | 150.00 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 6.88% | 8.21% |
| Price to Book Value | 1.11 | 1.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.65 | 1.47 |
| P/E (x) | 12.75 | 14.28 |
| Promoter Holding | 99.99% | 53.35% |
| Market Cap | ₹85.75 Cr. |
The Nitin Spinners IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 20.23 | 1,90,47,620 | 38,53,05,900 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of BRLM, Co-BRLM, Advisor, Registrar, Legal Advisor, Auditors, etc. | 0.60 |
| 2 | Printing & Stationery Distribution, Postage, etc. | 0.75 |
| 3 | Advertisement and Marketing expenses | 1.00 |
| 4 | Underwriting Commission, Brokerage and selling expenses | 0.75 |
| 5 | Other expenses | 0.05 |
| Total | 3.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹21.00 | ₹21.00 |
| Open | ₹28.05 | ₹30.00 |
| Low | ₹25.30 | ₹25.10 |
| High | ₹31.00 | ₹32.00 |
| Last Trade | ₹26.20 | ₹26.00 |
Nitin Spinners IPO is a main-board IPO of 2,33,33,945 equity shares of the face value of ₹10 aggregating up to ₹49 Crores. The issue is priced at ₹21 per share. The minimum order quantity is .
The IPO opens on Fri, Jan 6, 2006, and closes on Thu, Jan 12, 2006.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nitin Spinners IPO using UPI as a payment gateway. Zerodha customers can apply in Nitin Spinners IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nitin Spinners IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nitin Spinners IPO opens on Fri, Jan 6, 2006 and closes on Thu, Jan 12, 2006.
Nitin Spinners IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Nitin Spinners 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 Nitin Spinners IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nitin Spinners IPO allotment status.
The Nitin Spinners IPO listing date is on Thu, Feb 2, 2006.
