Tuesday, February 14, 2017

Nitiraj Engineers NSE SME IPO to open on Feb 20th

Nitiraj Engineers Ltd (NEL) IPO is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 2,200,800 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 100.

Nitiraj Engineers Limited manufactures and sells a range of electronic weighing scales and systems, currency counting machines, and electronic fare meters for industrial and domestic consumption.

The issue opens on Feb 20, 2017 and closes for subscription on Mar 01, 2017. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.