Wednesday, May 9, 2007

Nitin Fire Protection Industries (NFPIL) IPO opens on May 15

Hi Friends,

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.

Nitin Fire Protection Industries (NFPIL) is entering the capital markets with an initial public offering, IPO of 38,50,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 171/- at lower level and Rs 190/- at upper level for equity share of Rs 10. The issue opens on May 15, 2007, and closes for subscription on May 18, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).