Review By on March 29, 2016
Nintec Systems Limited (NSL) is a global offshore Software Development Services & Solutions company serving clients across the globe. It provides its clients comprehensive IT solutions with the help of vast experience, a team of brilliant professionals, sound project management capabilities, matured processes, and seamless communication methodologies.
NSL’s vast range of services includes Application Development & Maintenance, Strategic Offshore Software Product Development, Legacy System Development & Software Migration, and Search Engine Optimization. As claimed by the company, its highly skilled teams also have a strong expertise in the areas of .Net Development, Game Development, PHP Development, ERP, Wireless, Mobile, and WAP Development.
To meet its incremental working capital requirements and raise other general corpus fund, the company is coming out with a maiden public issue of 1880000 equity shares of Rs. 10 each at par to mobilize Rs. 1.88 crore. Issue opens for subscription on 29.03.16 and will close on 06.04.16. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. Issue is solely managed by Guiness Corporate Advisors Pvt Ltd and Bigshare Services Pvt Ltd is the registrar to the issue. Post allotment, shares will be listed on BSE SME. Its current paid up equity capital of Rs. 5 crore will stand enhanced to Rs. 6.88 crore post IPO.
On performance front, the company has posted net profit of Rs. 0.18 crore on a turnover of Rs. 0.81 crore for the period ended 15.02.16 of the current fiscal.
On merchant banker’s front, as per prospectus this is 13th IPO from its stable, but in fact this is 18th one as five past mandates have been suspended for suspicious movements post listing under the money laundering charges. Other mandates have erratic movements.
Conclusion: This being at par issue, risk savvy investors with surplus funds may consider it for long term investment.
Review By on March 29, 2016
Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.
He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.
Dilip Davda
SEBI Registered Research Analyst – Mumbai
Registration No.: INH000003127 (Perpetual)
Email: dilip_davda@rediffmail.com
Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.
The initial public offer (IPO) of Nintec Systems Ltd. offers an early investment opportunity in Nintec Systems Ltd.. A stock market investor can buy Nintec Systems IPO shares by applying in IPO before Nintec Systems Ltd. shares get listed at the stock exchanges. An investor could invest in Nintec Systems IPO for short term listing gain or a long term.
Read the Nintec Systems IPO recommendations by the leading analyst and leading stock brokers.
Nintec Systems IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Nintec Systems IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts mentioned in the above answer to "How is Nintec Systems IPO?"
Our recommendation for Nintec Systems IPO is to subscribe.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe to the Nintec Systems IPO.
The Nintec Systems IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Nintec Systems IPO allotment status to check.
