Nirmitee Robotics India Ltd IPO

IPO Synopsis

Initial public issue of 1,75,200 equity shares of Rs. 10 each (Equity Shares) of Nirmitee Robotics India Limited (NRIL or The Company) for cash at a price of Rs. 185 per share (The Issue Price), aggregating to Rs. 3.24 crores (The Issue) , of which 9,600 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. Issue of 1,65,600 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.19% and 27.59%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 and the issue price is 18.5 times of the face value.