Niraj Cement Structurals IPO
Niraj Cement Structurals IPO — date, price band, lot size & details 2008
Niraj Cement Structurals listed on 19 Jun 2008 at ₹185, 2.6% below the ₹190 issue price.
Niraj Cement Structurals is a Mumbai based engineering and construction company focused on road building, which also makes cement structurals. Its total income was Rs 92.86 crore in FY2008.
Stock price
Niraj Cement Structurals is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 26 May 2008
- Close 30 May 2008
- Allotment TBA
- Refund/credit TBA
- Listing 19 Jun 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 30 May, 2008 |
|---|---|
| Price Band | ₹175 – ₹190 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹61.75 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,700 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹190 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹5,700 |
| Retail (max) | 35 | 1,050 | ₹1,99,500 |
| S-HNI (min) | 36 | 1,080 | ₹2,05,200 |
| S-HNI (max) | 175 | 5,250 | ₹9,97,500 |
| B-HNI (min) | 176 | 5,280 | ₹10,03,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 70.40 crore in FY2006 to Rs 92.86 crore in FY2008.
- 02Net worth rose from Rs 28.00 crore in FY2006 to Rs 50.32 crore in FY2008.
- 03It had worked in cement structurals since 1987.
- 04Profit after tax was Rs 6.53 crore in FY2008.
Risks · 5
- 01Profit after tax fell from Rs 7.79 crore in FY2006 to Rs 6.53 crore in FY2008, even as income grew.
- 02Return on net worth was only 12.87%.
- 03Road work depends on government contracts and working capital; Rs 18.17 crore was for long term working capital.
- 04Rs 20.10 crore of the issue was set aside for general corporate purposes.
- 05Promoters held 100% before the issue and 68.58% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Niraj Cement Structurals offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 |
|---|---|---|---|
| Total Income | 92.86 | 79.66 | 70.40 |
| Profit After Tax | 6.53 | 6.38 | 7.79 |
| NET Worth | 50.32 | 43.87 | 28.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Niraj Cement Structurals RHP.
Where the money goes
₹61.76 Cr of the issue is earmarked to named objects.
About the company
It is an engineering and construction company focused on road construction.
In December 1999 it took over the business of the partnership firm Niraj Cement Structurals, which had made cement structurals since 1987, and it still made cement structurals at its factories in Mumbai and Navi Mumbai.
The IPO was Rs 61.75 crore and was entirely a fresh issue at Rs 190, the top of the Rs 175 to Rs 190 band. The money was for capital equipment, long term working capital and general purposes.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Niraj Cement Structurals IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Allahabad Bank
4 issues handledBest listing: Pochiraju Industries (+50.3%). Weakest: Chemcel Bio-tech (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Niraj Cement Structurals?
The current Grey Market Premium is ₹0.
What is the Niraj Cement Structurals IPO price band?
₹175 to ₹190, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 19 June 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
