Nirmitee Robotics India Limited IPO subscription period from March 31 to April 09, 2020:
To begin with, the company Nirmitee Robotics India Ltd. embodied in 2016. Particularly, it manufactures robots. So then, it uses robotic technology to offer ozone sterilization and HVAC duct cleaning services. Besides, the company introduced a new initial public offering. Namely Nirmitee Robotics India Limited IPO. Significantly, the IPO subscription period remained opened from Mar 31st till April 9th, 2020.
Nirmitee Robotics India Ltd. IPO Details:
|Bid Period||Mar 31st, 2020 – Apr 9th, 2020|
|IPO Type||Fixed Price Issue IPO|
|IPO Size||175,200 Eq Shares of ₹10 (averaging up to ₹3.24 Cr)|
|Face Value||₹10 Per Equity Share|
|IPO Price||₹185 Per Equity Share|
|Market Lot||600 Shares|
|Min Order Quantity||600 Shares|
|Listing At||BSE SME|
|Market Cap (₹ Cr.)||11.1|
To begin with, the issue came about with a face value of ₹10 per equity share. Also, the size of the issue stood as 175,200 eq shares of ₹10 (averaging up to ₹3.24 Cr). Moreover, the price of the issue remained Rs 185 per equity share.
Promoter Holdings :
Significantly, Mr. Jay Prakash Motghare, Mr. Kartik Eknath Shende, and also Mr. Rajesh Narendra Admane deal as the promoters.
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||70.81%|
Objectives of the Issue :
Firstly, it focuses on the redemption of preference shares. Secondly, it raised funds for the Acquisition of Registered Office, R & D facility. And also, assembling unit on a long term sustainable basis. Thirdly, the company would use for its general corporate purpose.
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