The Newmalayalam Steel IPO will open for subscription on December 19, 2024, and close on December 23, 2024. The IPO offers shares with a face value of ₹10 each, priced in the range of ₹85 to ₹90 per share. Investors must bid for a minimum lot size of 1,600 shares. The total issue size comprises 46,40,000 shares, aggregating up to ₹41.76 crore, entirely through a fresh issue. This book-built issue IPO will be listed on the NSE SME platform.
The timeline for the IPO includes the basis of allotment on December 24, 2024, initiation of refunds and credit of shares to Demat accounts on December 26, 2024, and the listing date on December 27, 2024. The cut-off time for UPI mandate confirmation is 5 PM on December 23, 2024.
Retail investors can apply for a single lot of 1,600 shares, amounting to ₹1,44,000, while High Net Worth Individuals (HNIs) must bid for a minimum of two lots, totaling 3,200 shares and ₹2,88,000.
NewMalayalam Steel Limited manufactures galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit in Kerala, India.
The company's clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The products' reputation and quality have helped Newmalayalam Steel Limited establish brand equity in the products marketed under the brand name "Demac Steel".
Incorporated in 2017, the company took over the entire M/s business. Demac Steel, along with its assets and liabilities, is on a going concern basis (the "Transfer").
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.