Nitin Spinners Ltd - Prospectus Synopsis

Nitin Spinners Ltd RHP

Registered Office : 16-17 KM Stone , Chittor Highway Hamirgarh , Bhilwara - 311025 , Rajasthan , India.

Phone : 91-1482-286110-113  Fax : 91-1482-286117

Email : nsl@nitinspinners.com    Website : www.nitinspinners.com

Public Issue of 233,33,337 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 49 crores (referred to as the issue) comprising of Promoters contribution of 42,85,717 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 9 crores (referred to as the Promoters Contribution) and a Reservation for permanent Employees of the Company of 11,90,476 Equity Shares of Rs. 10 each at a price of Rs. 21 for cash aggregating to Rs. 2.5 crores (referred to as the Employee Reservation Portion). The net offer to the public is of 178,57,144 Equity Shares of Rs.10 each at a price of Rs.21 for cash aggregating to Rs.37.50 crores (referred to as the net issue). The issue would constitute 57.14 % of the post issue paid-up capital of our company.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Jan-2006 12-Jan-2006 Rs 21 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 300 Further Multiples of : 300
  Rs Cr Lead Managers to the Issue
Project Cost 150 IDBI Capital Market Services Ltd
Project Financed through Current Offer 49  
Post Issue Equity Share Capital 40.83  
Issue Price Rs. 21  
Projects
Addition of 50400 Spindles for cotton yarn product
Promoted By Listing At Registrar to the Issue
Dinesh Nolkha
Nitin Nolakha
R L Nolkha
Mumbai Big Share Services Pvt Ltd
 

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