NewMalayalam Steel Ltd.
Industry:
Steel & Iron Products
Issue Details
Open Date
19 Dec 2024Close Date
23 Dec 2024Size (in Crs.)
39.44 - 41.76
Size (Shares)
-Listing On
NSE
Issue Terms
Price Range
-5Lot Size
1600
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
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
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, 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 offer... Show More
Address
Door No. 2/546/ A & 2/546/ B Mala , Pallipuram P O, Mala ,
Thrissur
680732
Promoter Holding
Promoters:
Ankur Jain, Cyriac Varghese, Divyakumar Jain, Mahendra Kumar Jain, Molly Varghese, Vazhappily Davis Varghese
Total Share Capital
12622600
Offered to Public
4640000
% Promoter's Holding (Pre-Issue)
99.8
% Promoter's Holding (Post-Issue)
73.02
Shares on offer
Total Share Offer
12622600
Of above offred to public
4640000
Post Issue shares
NA
Post Issue Promoters
73.02
Lead Managers to the Issue:
Khandwala Securities Ltd
Registrar Details
Registrar Name:
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Address
Karvy Selenium Tower B, Plot 31-32 , Gachibowli,Financial District , Nanakramguda , Hyderabad
500032