Nitin Fire Protection Industries Ltd IPO to hit markets on May 15, 2007

The Initial Public Offering of Nitin Fire Protection Industries Ltd opens for subscription on May 15, 2007. The issue closes for subscription on May 18, 2007.

The company is coming out with an issue of 38,50,000 equity shares of Rs.10 each for cash at a price band of Rs.171 to Rs.190 through 100% Book Building process. Out of the issue, 1,50,000 shares are reserved for employees of the company. The net issue to the public would constitute 29.37% of the fully diluted post issue paid-up capital of the company.

The face value of the equity share is Rs.10/-. The Equity shares of the Company are proposed to be listed on Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Ltd (NSE).

Karvy Investor Services Ltd and UTI Securities Ltd are the Book Running Lead Managers to the issue. The registrar to the issue is Bigshare Services Private Ltd.

Click Here to view the company's website Nitin Fire Protection Industries Ltd

Click Here to view the company's prospectus Nitin Fire Protection Industries Ltd

Source : Equity Bulls

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