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Newmalayalam Steel Limited
Issue Size (Net)
up to Rs.41.76 Cr
Price Band
Rs.85 to Rs.90 per share
Issue Opens
December 19, 2024
Issue Closes
December 23, 2024

Company Highlights

1.Company Information

Galvanised sheets, tubes, and pipes are produced by NewMalayalam Steel Limited. In a manufacturing facility in Kerala, India, the company operates an electric resistance welding tube mill with a 3,500 MT installed capacity. Among the company's clients are George Infra Private Limited, Aashico Ventures LLP, and Jaihind Steel Private Limited. Newmalayalam Steel Limited has been able to build brand equity in the products sold under the "Demac Steel" brand because to the products' quality and reputation. The company acquired the whole M/s business after being incorporated in 2017. Demac Steel is on a going concern basis (the "Transfer"), along with its assets and liabilities.

2. Strenghts

- Extensive distribution network and visibility across a range of retail channels.
- A varied assortment of products.
- Recall of the brand and a proven track record.
- Current connections with suppliers and clients.
- The items' quality assurance and control.
- Integrated production facilities with a primary focus on quality and strategically placed manufacturing facilities with contemporary infrastructure.
- Locational benefit and economical sourcing.

3. Objects of the Issue

- IT / Technological Upgradation of existing manufacturing facility
- 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 Kerala.
- Advertising, Marketing and Brand Building
- Funding incremental working capital requirements of the Company
- Issue related expenses
- General Corporate purposes

4.Newmalayalam Steel Limited IPO Registrar
Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email:
Website:  https://kosmic.kfintech.com/ipostatus/

Newmalayalam Steel Limited IPO Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Sep-24
11,032.77
15,533.82
519.30
4,566.44
3,301.68
3,917.94
31-Mar-24
11,208.19
30,314.80
426.86
4,047.14
2,782.38
5,911.15
31-Mar-23
8,734.83
35,995.71
600.49
3,620.28
2,355.52
2,815.22
31-Mar-22
9,001.66
32,360.91
673.06
3,019.79
1,755.03
4,920.06
Amount in Rs. Lakhs

Newmalayalam Steel Limited IPO Details

Issue Opening Date
December 19, 2024
Issue Closing Date
December 23, 2024
Face Value
Rs.10 per share
Price
Rs.85 to Rs.90 per share
Lot Size
1600 Shares
Issue Size
46,40,000 shares (aggregating up to Rs.41.76 Cr)
Fresh Issue
46,40,000 shares (aggregating up to Rs.41.76 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME

Newmalayalam Steel Limited IPO Timeline

Event
Tentative Date
Opening Date
Thursday, December 19, 2024
Closing Date
Monday, December 23, 2024
Basis of Allotment
Tuesday, December 24, 2024
Initiation of Refunds
Thursday, December 26, 2024
Credit of Shares to Demat
Thursday, December 26, 2024
Listing Date
Friday, December 27, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 23, 2024

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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