Nitiraj Engineers IPO Subscription Details

Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Mon, Feb 20, 2017 - Wed, Mar 1, 2017

Basis of Allotment - Nitiraj Engineers IPO

Details NII Retail Total
Allocation (No. of shares)10,45,20010,45,20020,90,400
Allotment price (Rs.)100100100
No.of applications1119571,068
No.of shares applied15,10,80011,48,40026,59,200
Amount collected (Rs.cr.)15.11 11.48 26.59
No.of times subscribed1.451.101.27
No.of shares allotted10,45,20010,45,20020,90,400
Amount (Rs.cr.)10.45 10.45 20.90
No.of allottees111871982

IPO Shares Offered

Nitiraj Engineers IPO is a public issue of 0.21 Cr equity shares. The issue offers 0.10 Cr shares to retail investors , 0.10 Cr shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker1,10,4001.10 5.02%
Other 10,45,20010.45 47.49%
Retail10,45,20010.45 47.49%
Total22,00,80022.01 100%

IPO Subscription FAQs

The Nitiraj Engineers IPO is subscribed 1.4294 times by Mar 01, 2017 18:35.

Nitiraj Engineers IPO Subscription

Investor Category Subscription (times)
Qualified Institutional
Non Institutional1.6808
Retail Individual1.178
Total Subscription1.4294

Retail category of Nitiraj Engineers IPO subscribed 1.178 times as of date Mar 01, 2017 18:35. The public issue closes on Wed, Mar 1, 2017 for bidding.

An investor can apply in Nitiraj Engineers IPO online via bank (using ASBA) or the broker (using UPI). The Nitiraj Engineers IPO shares are offered online only.

The Nitiraj Engineers IPO is subscribed 1.4294 times by Mar 01, 2017 18:35.

The Nitiraj Engineers IPO allotment status is expected on or around [.]. Visit Nitiraj Engineers IPO allotment status to check.

The Nitiraj Engineers IPO listing date is March 9, 2017. The equity share of Nitiraj Engineers IPO will list on NSE SME.

Visit Nitiraj Engineers IPO subscription status page for real-time bidding information about Nitiraj Engineers IPO.

Nitiraj Engineers IPO Timetable

IPO opens OnMonday, February 20, 2017
IPO Closes OnWednesday, March 1, 2017
Finalisation of Basis of Allotment[.]
Initiation of Refunds[.]
Credit of Shares to Demat Account[.]
IPO Listing DateThursday, March 9, 2017
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