Nityanand Udyog IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |

Nityanand Udyog IPO Logo
The exchange has approved the Initial Public Offer (IPO) of Nityanand Udyog Ltd. on November 10, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The exchange approval is valid for 12 months.

Nityanand Udyog Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.45 crore equity shares.

The equity shares are proposed to be listed on the BSE SME. Unistone Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Nityanand Udyog IPO DRHP for more details.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Price Band
Lot Size
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size44,60,000 shares
(agg. up to ₹[.] Cr)
Fresh Issue 44,60,000 shares
(agg. up to ₹[.] Cr)
Share Holding Pre Issue1,09,18,071 shares
Share Holding Post Issue1,53,78,071 shares

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeThu, Jul 24, 2025
SEBI/Exchange approval receivedMon, Nov 10, 2025

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII Shares OfferedNot less than 15% of the Net Issue

About Nityanand Udyog Ltd.

Incorporated in 1976, Nityanand Udyog Limited is involved in the design, engineering, and manufacture of plastic-based assemblies and sub-systems for original equipment manufacturers (OEMs) in India, with a primary focus on the defence sector. The company integrates plastic, sheet metal, rubber, and machined components to deliver assemblies used in defence applications.

Its main business includes supplying plastic hardware for landmines, ammunition packaging, grenade casings, detonator parts, and charge cases. The company also produces custom plastic assemblies for packaging and electronics, and operates a retail unit for woollen and home linen products.

The company designs and develops moulds used for prototyping and production. These moulds are either produced in-house or sourced from specialized vendors.

Manufacturing Facility:
The company operates from a 3,657.79 sq. m. facility in MIDC, Hingna Road, Nagpur, Maharashtra. The unit includes areas for raw material storage, manufacturing, quality control, and finished goods. It also houses an R&D unit for product development and testing.

Over time, the company has shifted from woollen clothing to manufacturing over 100 types of plastic injection-moulded defence components. It holds an ISO 9001:2015 certification.

As of May 31, 2025, the company had 53 employees.

Competitve Sthrenghts:

  • Long-Standing Customer Relationships
  • Experienced Promoters and Strong Management Team
  • Wide Product Portfolio
  • Consistent Financial Performance

Company Financials (Restated)

Nityanand Udyog Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets26.1219.1412.93
Total Income23.6323.3320.81
Profit After Tax4.802.993.14
EBITDA5.722.352.64
NET Worth16.045.662.67
Reserves and Surplus5.123.730.74
Total Borrowing6.249.796.39
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Part-finance the cost of establishing new manufacturing facility to expand our production capabilities of sheet metal products and components at Plot No. B-122, Butibori Industrial Area, Butibori, Nagpur, Maharashtra, India (“Proposed manufacturing facility”) 23.43
2 Funding requirement for the upgradation of machinery and equipment at our existing facility 6.35
3 Funding working capital requirements of our Company 5.00
4 General corporate purposes

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE44.27%
ROCE29.88%
Debt/Equity0.39
RoNW29.95%
PAT Margin21.60%
EBITDA Margin25.73%
Pre IPOPost IPO
EPS (₹)4.403.12
Promoter Holding88.88%
Gaurav Agarwal and Pradeep Agarwal are the company promoters.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fees payable to merchant banker
2 Book Running Lead Manager’s fees
3 Underwriting Fees
4 Fees payable to Market Maker to the Issue
5 Fees payable to Registrar to the Issue
6 Fees payable for Advertising and Publishing expenses
7 Fees payable to Regulators including Stock Exchanges & Depositories
8 Payment for Printing & Stationery, Postage, etc.
9 Fees payable to Statutory Auditor, Legal Advisors and other Professionals
10 Others

IPO Registrar

MUFG Intime India Pvt.Ltd.

Contact Details

Nityanand Udyog Ltd. Address
Plot No. 6-A, MIDC,
Hingna Road,
MIDC Nagpur
Nagpur, Maharashtra, 440016
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IPO FAQs

Nityanand Udyog IPO is a SME IPO of 44,60,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Nityanand Udyog IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Nityanand Udyog IPO using UPI as a payment gateway. Zerodha customers can apply in Nityanand Udyog IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nityanand Udyog IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nityanand Udyog IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nityanand Udyog IPO dates are not announced. Please check back again after some time.

Nityanand Udyog IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Nityanand Udyog 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 Nityanand Udyog IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Nityanand Udyog IPO allotment status.

The Nityanand Udyog IPO listing date is not yet announced. The tentative date of listing is .

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