Nitin Fire Protection Industries Ltd IPO

IPO Synopsis

Public issue of 33,90,000 Equity Shares of the face value Rs.10/- each for cash at a price of Rs.190/- per Equity Share (including share premiuim of Rs. 180/- per share) aggregating Rs. 64.41 crores (hereinafter referred to as the issue), including employee reservation of 1,50,000 Equity Shares of the face value Rs.10/- each at a price of Rs.190/- for cash aggregating Rs.2.85 Crores (Employee Reservation Portion) and net issue to the public of 32,40,000 equity shares of face value Rs.10/- each at a price of Rs.190/- for cash aggregating Rs.61.56 Crores by Nitin Fire Protection Industries Limited (the company) (the net issue to the public) and the net issue to the public would constitute 25.71% of the post issue paid-up capital of our Company. Issue Price is Rs.190/- per equity share of face value Rs.10/- The issue price is 19 times the face value.