X 
IPO Snapshot
Home | Ipo | IPO Snapshot
NewMalayalam Steel Ltd.
Issue Open Date 19-Dec-24  
Issue Closing Date 23-Dec-24  
Application Money 100  
Allotment Money  
Price Band (Rs.) 85 - 90  
Minimum Bid Quantity. 1600  
Issue Size (Shares) 4640000  
Market Lot 1  
Objective :
1. IT / Technological Upgradation of existing manufacturing facility2. Expansion of the existing solar facility for power generation3. Funding of expenditure towards civil construction of new factory shed cum storage facility within theexisting factory premises situated at Kerala.4. Advertising, Marketing and Brand Building5. Funding incremental working capital requirements of our Company6. Issue related expenses7. General Corporate purposes
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors     2400000    
Qualified Institutional Buyers     468800    
Retail Individual Investors     468800    
Business Description
In 2018, our Company commenced manufacturing of galvanised pipes, tubes, and sheets by installing anotherelectric resistance welding tube mill of an installed capacity of 3,500 MT in our manufacturing unit situated atDoor No. 2/546/A & 2/546/B Mala, Pallipuram P O, M...
Promoter's Holding
Total Share Capital   12622600  
Offered to Public   4640000  
Promoter's Holding (Pre-Issue)   99.8  
Promoter's Holding (Post-Issue)   73.02  
More
Address
Door No. 2/546/ A & 2/546/ B Mala
Pallipuram P O
Mala

Thrissur ,
Kerala ,
680732
Phone : 7034212002
Email : info@demacsteel.com
Website : www.demacsteel.com
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
Listed at
NSE
Lead Manager
Khandwala Securities Ltd
Promoters
Ankur Jain
Cyriac Varghese
Divyakumar Jain
Mahendra Kumar Jain
Molly Varghese
Vazhappily Davis Varghese