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Open
6 Jan 2006
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Close
12 Jan 2006
3
Allotment
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Listing
Thu, Feb 2, 2006
Price Band
₹18 to ₹21
Issue Size
2,33,33,945 shares (agg. up to ₹49 Cr)
Listing Date
Thu, Feb 2, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 20.23x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 121.77 | 121.52 | 102.21 | 79.03 |
| Total Income | 49.68 | 81.74 | 65.69 | 60.50 |
| Profit After Tax | 3.00 | 2.88 | 1.09 | 1.21 |
| NET Worth | 42.36 | 31.63 | 29.03 | 20.99 |
| Reserves and Surplus | 15.55 | 12.63 | 9.55 | 6.99 |
| Total Borrowing | 40.71 | 52.74 | 67.11 | 52.83 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ginni Filaments Ltd. | Mainboard | ₹57.78 Cr | ₹22 | 35.79 | ₹22.85 | +3.86% | ₹48.53 (+2.91%) |
| Bombay Rayon Fashions Ltd. | Mainboard | ₹94.36 Cr | ₹70 | null | ₹83.15 | +18.79% | (+0.00%) |
| Bannari Amman Spinning Mills Ltd. | Mainboard | ₹94.50 Cr | ₹135 | null | ₹132.30 | -2.00% | ₹26.71 (-1.11%) |
| Alps Industries Ltd. | Mainboard | ₹49.81 Cr | ₹120 | 5.71 | ₹105.60 | -12.00% | ₹3.43 (-1.99%) |
| Nandan Exim Ltd. | Mainboard | ₹12.00 Cr | ₹20 | null | ₹50.20 | +151.00% | ₹2.36 (-2.48%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land | 0.75 |
| 2 | Building | 17.10 |
| 3 | Plant & Machinery – Imported & Indigenous | 97.15 |
| 4 | Miscellaneous Fixed Assets | 8.00 |
| 5 | Pre-operative Expenses | 9.45 |
| 6 | Provision for Contingency | 8.47 |
| 7 | Margin Money for Working Capital | 9.08 |
| Total | 150.00 |
About Nitin Spinners IPO
Nitin Spinners Ltd anufactures combed and carded cotton yarn in single and multifold forms, along with knitted fabrics such as single jersey, rib, and interlock. Its products are used across apparel, garments, towels, denim, medical, furnishing, and industrial fabric applications. With modern machinery from leading global and domestic manufacturers, the company operates 27,216 spindles and 1,872 rotors (10,000 TPA yarn capacity) and 15 knitting machines (2,000 TPA fabric capacity). As a 100% export-oriented unit, the company supplies yarns and fabrics to customers in over 18–20 countries, with plans to expand its global market presence further. Competitive Strengths: Experienced and Qualified Management Optimum Utilization of Manufacturing Facilities Proximity to Textile Hub + Read More
Contact Details
Nitin Spinners Ltd. Address16-17 Km.StoneChittor RoadBhilwara, Rajasthan, 311025+91-1482-286110ipo@nitinspinners.comVisit Website