Nitiraj Engineers Limited IPO

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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.
They offer jewellery, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, a person weighing, adult weighing, body mass index, and kitchen scales; and special application indicators, currency counting machines, and taxi/rickshaw fare meters. The company supplies its products under the Phoenix brand name through a network of dealers to customers in India and internationally.

Nitiraj Engineers Limited IPO Stock Quote & Charts



  • Open: 66.50
  • High - Low: 70.00 - 66.50
  • Previous Close: 70.00
  • Total Traded Volume: 6000
  • Updated On: 15-Nov-2019

Objects of the Nitiraj Engineers Limited IPO:

1. Development of new products 2. Setting up manufacturing Unit for the existing and new range of products 3. Expansion of Marketing Network and Brand building 4. General Corporate Purposes 5. Issue Expenses

Nitiraj Engineers Limited IPO Details:

Open Date: Feb 20 2017
Close Date: Mar 01 2017
Total Shares: 2,200,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 22.01 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 100 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 09 2017

Promoters And Management:

Mr. Rajesh Nath Bhatwal

Financials of Nitiraj Engineers Limited IPO:

Summary of financial Information
Particulars For the year/period ended (in Rs. Lacs)
31-Dec-15 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Assets 4,690.59 3,705.64 3,269.90 2,729.89 2,667.38 2,224.49
Total Revenue 4,519.64 9,062.67 7,725.82 9,083.70 4,187.20 2,693.28
Profit After Tax (PAT) 364.72 418.40 389.01 121.45 284.28 186.12

Lead Manager of Nitiraj Engineers Limited IPO:

  1. Arihant Capital Markets Limited

Registrar of Nitiraj Engineers Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Nitiraj Engineers Limited 306A Bhabha Building, N. M. Joshi Marg, Delisle Road, Mumbai Phone: 022 23094161 Fax: 022 23094161 Email: Website:

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