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NewMalayalam Steel Ltd.

IPO Details
  • Issue Type Book building
  • Price range Rs.85-90
  • Market Lot 1600
  • Total Equity Shares 4640000
  • Face Value Rs. 10
  • Listing Date Dec 27, 2024
IPO Timeline
Opening date Dec 19, 2024
Closing date Dec 23, 2024
Listing Date Dec 27, 2024

IPO Details

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, Mala, Thrissur - 680 732,Kerala, India. . Our products findextensive application in the general households of Kerala. Galvanised pipes and tubes are used for building theroofs to reduce heat and avoid leakage, further the galvanisation process offers an added advantage of increasingthe life of the product and enhancing its quality by making it rust-free. Our products are therefore manufacturedto provide an effective solution to the continuous damage caused to houses in Kerala on account of inclementweather condition. Accordingly, our products experience a constant demand on account of being anindispensable raw material in the construction industry in Kerala. In order to capture the market and cater to thegrowing demand, in the year 2019, we increased our manufacturing capacity by installing another electricresistance welding tube mill of an installed capacity of 4,000 MT in our manufacturing unit.

Projects

1. Project Name: IT / Technological Upgradation of existing manufacturing facility Expansion of the existing solar

Project Cost: 52.195

2. Project Name: Funding of expenditure towards civil construction of new factory shed cum storage facility within

Project Cost: 25.595

3. Project Name: Advertising, Marketing and Brand Building

Project Cost: 50.555

4. Project Name: Funding incremental working capital requirements of our Company

Project Cost: 142

Promoters

Prmoters Name

1. Vazhappily Davis Varghese

2. Divyakumar Jain

3. Ankur Jain

4. Mahendra Kumar Jain

5. Molly Varghese

6. Cyriac Varghese

Prmoters Holdings
  • Pre Share Capital: 12622600
  • Pre Promoter Holding: 99.8
  • Offer to Public: 4640000
  • Post Share Capital: 12622600
  • Post Promoter Holding: 73.02

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • Khandwala Securities Ltd

Subscription Details

Field Description Field Value
Ipo Code 2925
Total Equity 4640000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 558400
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 518400
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 40000
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 49014400
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 1080000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 47638400
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 296000
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 174012800
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 116748800
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 57264000
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 223585600
Total 0.00