IPO

Nitin Spinners Ltd IPO

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Public Issue of 233,33,337 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 49 crores (referred to as the issue) comprising of Promoters contribution of 42,85,717 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 9 crores (referred to as the Promoters Contribution) and a Reservation for permanent Employees of the Company of 11,90,476 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 2.5 crores (referred to as the Employee Reservation Portion). The net offer to the public is of 178,57,144 Equity Shares of Rs.10 each at a price of Rs.21 for cash aggregating to Rs.37.50 crores (referred to as the net issue). The issue would constitute 57.14 % of the post issue paid-up capital of our company.

Nitin Spinners Ltd IPO Subscription Details

Company

Nitin Spinners Ltd

Issue Type

(Book Built Portion)

Open Date

06 Jan

Close Date

12 Jan

Offer Price

21.00

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How to apply IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

Nitin Spinners Ltd IPO Frequently Asked Questions

Stove Kraft Ltd, kitchen appliances manufacturer is coming up with its Initial public Offerings on January 25 with the public issue comprising a fresh issue size of ₹412.63Cr.

You can apply for the Stove Kraft IPO using any supported UPI apps. To Apply on 5paisa App follow the procedure mentioned above. For further details Click Here.

Stove Kraft IPO will open on January 25, 2021.

Stove Kraft IPO Lot size is 38 equity shares, that means you can apply for one lot consisting 38 equity shares.

Shares of Stove Kraft will be getting allotted on 02nd February,2021.

Stove Kraft Shares will be getting listed on 05 February, 2021.

Here is the minimum investment calculation of Stove Kraft IPO
Lot size – 38 * Issue Price ₹385 = ₹14,630
Hence the minimum investment amount required to invest in Stove Kraft IPO is ₹14,630. As per the maximum limit that is allowed by SEBI you can apply for 13 lots.

No, one bank account one IPO application is allowed.

Cut off Price for Stove Kraft IPO is ₹14,630


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Contact Details of Nitin Spinners Ltd IPO

Company Contact Information

Nitin Spinners Ltd IPO
16-17 KM Stone,
Chittor Highway Hamirgarh,
Bhilwara, Rajasthan 311025.

Phone: 91-1482-286110-113
Email: nsl@nitinspinners.com

Nitin Spinners Ltd IPO Register

Big Share Services Pvt Ltd

Nitin Spinners Ltd IPO Lead Manager(s)

  • IDBI Capital Market Services Ltd
  • UTI Securities Ltd

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