Attention Investors
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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 10/- each ("Equity Shares") of the company at an issue price of [*] per equity share (including a share premium of [*] per equity share) for cash, aggregating up to [*] crores ("Public Issue") out of which [*] equity shares of face value of 10/- each, at an issue price of [*] per equity share for cash, aggregating [*] 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 10/- each, at an issue price of [*] per equity share for cash, aggregating up to [*] 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: 85 to 90 per equity share of face value of 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 Money Payable On
Opens On Closes On Application Allotment
19-Dec-24 23-Dec-24 Rs85.00-90.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  RsCr Lead Managers to the Issue
Project Cost 0.00
Khandwala Securities Ltd
Project Financed through Current Offer 39.44  
Post Issue Equity Share Capital 17.29  
Issue Price Rs85.00  
 
Projects
 IT/Technological upgradation of existing mfg facility and expansion of the existing solar facility for power generation Funding incremental working capital requirements of the company
 Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at General corporate purposes
 Advertising, Marketing and Brand Building
Promoted By
 Vazhappily Davis Varghese
 Divyakumar Jain
 Ankur Jain
Listing At
 NSE - SME 
Registrar to the Issue
 KFin Techologies Ltd