Nitin Spinners gets nod to raise Rs 12.05 crore

Nitin Spinners Ltd. | Textile - Spinning | Textiles & Apparels | BSE: 532698 | NSE: NITINSPIN

20 Dec 2017 Evaluate

Nitin Spinners has received an approval for the issuance of 10,00,290 Equity Shares at a price of Rs 120.50 per Equity Share aggregating to Rs 12.05 crore to Ratan Lal Nolklia, Dinesh Nolkha, Nitin Nolakha and Redial Trading and Investment (the Promoters). The Securities Issuance Committee (the Committee) of the Company at its meeting held on December 19, 2017, given approval for the same.

Nitin Spinners is an ISO 9001:2008 company and a Government of India recognized Export House, manufacturing 100% Cotton Yarns and Fabrics.

Peers

Company Name	CMP
Trident	23.12
Filatex India	82.47
Sanathan Textiles	460.30
Sutlej Textiles&Inds	38.28
Nahar Ind.Enterprise	127.80
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.