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Objective of the Issue
The company proposes to utilize the Net Proceeds from the offer towards funding the following objects:
- 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.
IPO Details, Price, Market Lot
| Newmalayalam Steel SME IPO Details | |
| IPO Open Date | 19 December 2024 |
| IPO Close Date | 23 December 2024 |
| IPO Issue Size | 46,40,000 Shares (Aggregating up to ₹41.76 Cr) |
| Fresh Issue | 46,40,000 Shares (Aggregating up to ₹41.76 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 45.03% of the offer |
| NII Portion | Not less than 44.95% of the offer |
| QIB Portion | Not more than 10.02% of the offer |
| Listing At | NSE SME |
| Newmalayalam Steel SME IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹85 to ₹90 Per Share |
| Employee Discount | — |
| IPO Issue Type | Book Built Issue |
| Newmalayalam Steel SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 1600 Shares |
| Minimum Lot Size | 1 Lot (1600 Shares) |
| Minimum Amount (Cut-off price) | ₹1,44,000 |
| Maximum Lot Size | 1 Lot (1600 Shares) |
| Maximum Amount (Cut-off price) | ₹1,44,000 |
| Newmalayalam Steel SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 1600 Shares |
| Minimum Lot Size | 2 Lots (3200 Shares) |
| Minimum Amount (Cut-off price) | ₹2,88,000 |
IPO Date, Listing Date, Allotment Date
| Newmalayalam Steel SME IPO Time Table (Tentative) | |
| IPO Open Date | 19 December 2024 |
| IPO Close Date | 23 December 2024 |
| Basis of Allotment Date | 24 December 2024 |
| Initiation of Refunds | 26 December 2024 |
| Credit of Share to Demat Account | 26 December 2024 |
| IPO Listing Date | 27 December 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 September 2024 | 11,032.77 | 15,533.82 | 519.30 | 4,566.44 | 3,917.94 |
| 31 March 2024 | 11,208.19 | 30,314.80 | 426.86 | 4,047.14 | 5,911.15 |
| 31 March 2023 | 8,734.83 | 35,995.71 | 600.49 | 3,620.28 | 2,815.22 |
| 31 March 2022 | 9,001.66 | 32,360.91 | 673.06 | 3,019.79 | 4,920.06 |
| Period Ended | 30 Sept. 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 11,032.77 | 11,208.19 | 8,734.83 | 9,001.66 |
| Revenue | 15,533.82 | 30,314.80 | 35,995.71 | 32,360.91 |
| P A T | 519.30 | 426.86 | 600.49 | 673.06 |
| Net Worth | 4,566.44 | 4,047.14 | 3,620.28 | 3,019.79 |
| Borrowings | 3,917.94 | 5,911.15 | 2,815.22 | 4,920.06 |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese and Cyriac Varghese are the company promoters.
| Pre Issue Promotor Holding | 99.80% |
| Post Issue Promotor Holding | 73.02% |
Company Address
Newmalayalam Steel Limited
Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala
Phone: +91 703 421 2002
Email: info@demacsteel.com
Website: https://demacsteel.com/
IPO Registrar, Lead Manager, Prospectus
| IPO Prospectus |
| IPO Registrar |
| Kfin Technologies Limited |
| IPO Lead Manager |
| Khandwala Securities Limited |