IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size57,00,000 shares (aggregating up to ₹34.20 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 13 Dec 2021
Subscription CloseWed, 15 Dec 2021
Anchor AllotmentSun, 12 Dec 2021
Basis of AllotmentTue, 21 Dec 2021
Initiation of RefundsWed, 22 Dec 2021
Credit of Shares to DematWed, 22 Dec 2021
Listing DateThu, 23 Dec 2021
UPI Mandate Deadline2021-12-15
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 2,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 4,000 shares
Net Offer to Public54,00,000 shares (aggregating up to ₹32.40 Cr)
Reserved for Market Maker3,00,000 shares (aggregating up to ₹1.80 Cr)
Pre-IPO Promoter Holding1,51,00,000 shares
Post-IPO Promoter Holding2,08,00,000 shares
About Nupur Recyclers Ltd.
Nupur Recyclers is engaged in metal scrap processing & recycling. The company is involved in the importing, manufacturing, and trading of non-ferrous metal scraps such as shredded zinc scrap, zinc die cast scrap, zurik ss scrap, and aluminium zorba grades. The company acts as an intermediary in the metals scrap supply chain where they import scrap metals from various suppliers and supply the same to customers in the Metal Business.The company has also added two new verticals of installation of charging stations in the Delhi NCR Region in collaboration with EVi Tech. Its also extracts Lithium-Ion, Cobalt, and Black Mass from the used mobile phone batteries and processes them to be used in refurbishments. The company derives the majority of its revenue from Zurik products.Competitive Strengths:Positive cash flow of the company ·Excellent network management & logisticsExperienced and professional team
Objects of the Issue
Nupur Recyclers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet out the Working Capital requirements of the Company
26.00
2
2 To meet out the General Corporate Purposes
6.49
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,51,00,000 shares
Post-IPO Promoter Holding
2,08,00,000 shares