Newmalayalam Steel Ltd - IPO

Newmalayalam Steel Ltd IPO Details

Initial public offer of upto 46,40,000 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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 [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute [*] % and [*] % respectively of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

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.

Newmalayalam Steel Ltd Contact Details

Newmalayalam Steel Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@demacsteel.com

Website - www.demacsteel.com