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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 : NA
Email :
info@demacsteel.com
Website :
www.demacsteel.com
Initial public offer of upto 46,40,000 equity shares of face value of (
R
s
) 10/- each ("Equity Shares") of the company at an issue price of (
R
s
) 90 per equity share (including a share premium of (
R
s
) 80 per equity share) for cash, aggregating up to (
R
s
) 41.76 crores ("Public Issue") out of which 2,33,600 equity shares of face value of (
R
s
) 10/- each, at an issue price of (
R
s
) 90 per equity share for cash, aggregating (
R
s
) 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 (
R
s
) 10/- each, at an issue price of (
R
s
) 90 per equity share for cash, aggregating up to (
R
s
) 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-24
23-Dec-24
90.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1600 Further Multiples of : 1600
(
R
s
.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
No Data Available!!!