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IPO

IPO Details


Newmalayalam Steel Ltd
Registered Office: Door No.2/546/A & 2/546/B Mala, Pallipuram PO Mala, Thrissur - 680732, Kerala
Phone: +91 703 421 2002
Email: info@demacsteel.com
Website: www.demacsteel.com
Initial public offer of upto 46,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 90 per equity share (including a share premium of Rs. 80 per equity share) for cash, aggregating up to Rs. 41.76 crores ("Public Issue") out of which 2,33,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 90 per equity share for cash, aggregating Rs. 2.10 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 44,06,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 90 per equity share for cash, aggregating up to Rs. 39.66 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.84 % and 25.49 % respectively of the post-issue paid-up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-2024 23-Dec-2024 ₹ 90.00 ₹ 0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 37.39 Khandwala Securities Ltd
Project Financed through Current Offer 41.76
Post Issue Equity Share Capital 17.29
Issue Price ₹90.00
Projects
IT/Technological upgradation of existing mfg facility and expansion of the existing solar facility for power generation
Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at
Advertising, Marketing and Brand Building
Funding incremental working capital requirements of the company
General corporate purposes
Promoted By
Vazhappily Davis Varghese
Divyakumar Jain
Ankur Jain
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,055.11 158.32 (0.19%)

Nifty

25,044.35 72.45 (0.29%)

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85.75 0.06 (0.95%)

NASDAQ
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24,177.08 487.95(2.06%)