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Newmalayalam Steel IPO

Open 19th Dec 2024 · Close 23rd Dec 2024 · Listing 27th Dec 2024

Price Band₹85.00–₹90.00
Live GMP₹30.00
Subscription50.69×
Issue Size₹41.76 Cr
Allotment24th Dec 2024

IPO Objectives

Newmalayalam Steel IPO — dedicated ipo objectives page.

Objects of the Issue

#PurposeEstimated Amount
1IT / Technological Upgradation of existing manufacturing facility₹2.88 Cr
2Expansion of the existing solar facility for power generation₹2.34 Cr
3Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala₹2.56 Cr
4Advertising, Marketing and Brand Building₹5.06 Cr
5Funding incremental working capital requirements of our Company₹14.20 Cr
6General Corporate purposes#₹10.36 Cr