Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Nitin Fire Protection IPO is a book build issue of ₹64.47 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹64.47 crore.
Nitin Fire Protection IPO bidding started from May 15, 2007 and ended on May 18, 2007. The shares got listed on BSE, NSE on Jun 5, 2007.
Nitin Fire Protection IPO price band is set at ₹190.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹5,985 (35 shares). The lot size investment for sNII is 31 lots (1,085 shares), amounting to ₹2,06,150, and for bNII, it is 151 lots (5,285 shares), amounting to ₹10,04,150.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Karvy Investor Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Nitin Fire Protection IPO RHP for detailed Information.
| IPO Date | May 15, 2007 to May 18, 2007 |
| Listing Date | June 5, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹171 to ₹190 per share |
| Issue Price Final | ₹190 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,93,141 shares (aggregating up to ₹64.47 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 92,10,000 shares |
| Share Holding Post Issue | 1,26,00,000 shares |
Nitin Fire IPO offers total 33,90,000 shares. Out of which 16,20,000 (47.79%) allocated to QIB, 4,86,000 (14.34%) allocated to NII, 11,34,000 (33.45%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 16,20,000 (47.79%) | NA |
| NII (HNI) Shares Offered | 4,86,000 (14.34%) | NA |
| Retail Shares Offered | 11,34,000 (33.45%) | 32,400 |
| Employee Shares Offered | 1,50,000 (4.42%) | NA |
| Total Shares Offered | 33,90,000 (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 |
Nitin Fire Protection IPO opens on May 15, 2007, and closes on May 18, 2007.
| IPO Open Date | Tue, May 15, 2007 |
| IPO Close Date | Fri, May 18, 2007 |
| Tentative Listing Date | Tue, Jun 5, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 18, 2007 |
Investors can bid for a minimum of 35 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 | 35 | ₹6,650 |
| Retail (Max) | 30 | 1,050 | ₹1,99,500 |
| S-HNI (Min) | 31 | 1,085 | ₹2,06,150 |
| S-HNI (Max) | 150 | 5,250 | ₹9,97,500 |
| B-HNI (Min) | 151 | 5,285 | ₹10,04,150 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Nitin Fire Protection Industries (NFPIL) is in business of Fire Protection, Safety and Security, including Intelligent Building management systems and High Pressure Seamless Cylinders and Refueling Systems.
NFPIL is an end to end solutions provider for fire protection, safety and security, with capabilities in manufacturing, designing, engineering, commissioning and maintenance. NFPIL is specialize in Fire Protection (gas and water based), Fire Detection and Alarm, Building Automation and Security.
NFPIL has two Manufacturing cum warehousing units situated at T.T.C. Industrial Area, Vashi and MIDC, Taloja, Near Mumbai.
| KPI | Values |
|---|---|
| RoNW | 14.08% |
The Company Nitin Fire 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 our wholly owned subsidiary, Nitin Cylinders Limited for Setting-up of a high-pressure seamless cylinder plant at Visakhapatnam Special Economic Zone(including Bank Term Loan) | 1,180.82 |
| 2 | Public Issue Expenses | 52.58 |
| Listing Date | June 5, 2007 |
| BSE Script Code | 532854 |
| NSE Symbol | NITINFIRE |
| ISIN | INE489H01020 |
| Final Issue Price | ₹190 per share |
| BSE Listing Group | B1 |
Nitin Fire Protection Industries Ltd.
501, Delta, Technology Street,
Hiranandani Gardens,
Powai,
Mumbai, Maharashtra, 400076
Phone: + 91 22 4045 7000
Email: ipo@nitinfire.com
Website: http://www.nitinfire.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nitin Fire Protection IPO is a main-board IPO of 33,93,141 equity shares of the face value of ₹10 aggregating up to ₹64.47 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 35.
The IPO opens on May 15, 2007, and closes on May 18, 2007.
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 Fire Protection IPO using UPI as a payment gateway. Zerodha customers can apply in Nitin Fire Protection IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nitin Fire Protection IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nitin Fire Protection IPO opens on May 15, 2007 and closes on May 18, 2007.
Nitin Fire Protection IPO lot size is 35, and the minimum amount required for application is ₹6,650.
You can apply in Nitin Fire Protection 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 Fire Protection IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Nitin Fire Protection IPO allotment status.
The Nitin Fire Protection IPO listing date is on Tuesday, June 5, 2007.
Useful Articles
RHP