Bookbuilding IPO | ₹64 Cr | Listed at BSE, NSE | Tue, May 15, 2007 - Fri, May 18, 2007
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 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,650 (35 shares) (based on upper price). 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 Open
Tue, May 15, 2007
IPO Close
Fri, May 18, 2007
Issue Price
₹190 per share
Market Cap (Pre-IPO)
₹239.40 Cr
| IPO Date | 15 to 18 May, 2007 |
| Listed on | Tue, Jun 5, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹171 to ₹190 |
| Issue Price | ₹190 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 33,93,141 shares (agg. up to ₹64 Cr) |
| Fresh Issue | 33,93,141 shares (agg. up to ₹64 Cr) |
| Share Holding Pre Issue | 92,10,000 shares |
| Share Holding Post Issue | 1,26,00,000 shares |
| BSE Script Code / NSE Symbol | 532854 / NITINFIRE |
| ISIN | INE489H01020 |
Nitin Fire Protection IPO comprises a total issue size of 33,90,000 shares. The net offer to the public is 32,40,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 16,20,000 (50.00%) are allocated to QIB, 4,86,000 (15.00%) allocated to NII 11,34,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 16,20,000 | 50.00% | 47.79% | NA |
| NII (HNI) Shares Offered | 4,86,000 | 15.00% | 14.34% | NA |
| Retail Shares Offered | 11,34,000 | 35.00% | 33.45% | 32,400 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,50,000 | 4.42% | NA | |
| Total Shares Offered | 33,90,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | 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) | 118.08 |
| 2 | Public Issue Expenses | 5.26 |
| KPI | |
|---|---|
| RoNW | 14.08% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.06% | 69.49% |
| Market Cap | ₹239.40 Cr. |
The Nitin Fire IPO is subscribed 48.48 times on May 18, 2007 5:00:00 PM (Day 4). The public issue subscribed 30.29 times in the retail category, 49.91 times in the QIB category, and 101.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to Book Running Lead Manager and Underwriting Commission | 1.77 |
| 2 | Fees to Registrar to the Issue | 0.07 |
| 3 | Fees to Legal Advisors to the Issue | 0.10 |
| 4 | Fees to Auditors | 0.01 |
| 5 | Selling Commission | 0.64 |
| 6 | Printing and Stationary | 1.09 |
| 7 | Advertising Expenses | 0.83 |
| 8 | Other Expenses (including filing fees, listing fees, depository charges etc) | 0.64 |
| 9 | Contingencies | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹190.00 | ₹190.00 |
| Open | ₹332.50 | ₹332.50 |
| Low | ₹332.50 | ₹332.50 |
| High | ₹502.70 | ₹517.00 |
| Last Trade | ₹484.10 | ₹484.85 |
Lead Manager Reports
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 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 35.
The IPO opens on Tue, May 15, 2007, and closes on Fri, 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 Tue, May 15, 2007 and closes on Fri, 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 Tue, Jun 5, 2007.
