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Newmalayalam Steel Ltd
Registered Office:
Door No.2/546/A & 2/546/B Mala,Pallipuram PO Mala, Thrissur - 680732, Kerala, India. Phone : +91 703 421 2002 Fax:
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. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores ("Public Issue") out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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. [*] per equity share for cash, aggregating up to Rs. [*] 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. Price Band: Rs. 85 to Rs. 90 per equity share of face value of Rs. 10 each. The Floor price is 8.5 times the face value of the equity shares and cap price is 9 times the face value of the equity shares. Bid can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares.
Issue
Opens On
Closes On
19-Dec-24
23-Dec-24
Money Payable On
Application
Allotment
85.00
0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
Cr
Lead Managers to the Issue
Project Cost (
.Cr)
0.00
Khandwala Securities Ltd
Project Financed through Current Offer (
.Cr)
39.44
Post Issue Equity Share Capital (
.Cr)
17.29
Issue Price (
)
85.00
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
KFin Techologies Ltd