IPO Issue Details
Issue Price / Price Band₹10 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size18,80,000 shares (aggregating up to ₹1.88 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 29 Mar 2016
Subscription CloseWed, 06 Apr 2016
Anchor AllotmentMon, 28 Mar 2016
Basis of AllotmentTue, 12 Apr 2016
Initiation of RefundsWed, 13 Apr 2016
Credit of Shares to DematWed, 13 Apr 2016
Listing DateMon, 18 Apr 2016
UPI Mandate Deadline2016-04-06
Application & Investment Details
Retail — Min (1 Lots)₹1,00,000 — 10,000 shares
Retail — Max (13 Lots)₹1,300,000 (13 Lots)
HNI — Min (3 Lots)₹3,00,000 — 30,000 shares
Net Offer to Public17,80,000 shares (aggregating up to ₹1.78 Cr)
Reserved for Market Maker1,00,000 shares (aggregating up to ₹0.1000 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding68,80,000 shares
About Nintec Systems Ltd.
Incorporated in 2015, Nintec Systems Ltd is a provider of software development services and solutions. They are specialize in providing offshore software product development, software migration, multimedia design & development, application development & maintenance, web designing, digitization of engineering drawings, and search engine optimization.Nintec Systems customer base includes companies from diverse industry verticals like Automotive, Print Media & Publishing, Banking, Financial Services & Insurance (BFSI), Transportation and Logistics.
Objects of the Issue
Nintec Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part-finance incremental working capital requirements
1.02
2
2 General Corporate Expenses
0.47
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
68,80,000 shares