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Issue Open Date
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19-Dec-24
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Issue Closing Date
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23-Dec-24
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Application Money
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100
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Allotment Money
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Price Band
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85
-
90
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Minimium Application No.
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1600
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Issue Size (Shares)
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4640000
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Market Lot
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1
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Objective
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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
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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|
49014400
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Qualified Institutional Buyers
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558400
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|
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Retail Individual Investors
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174012800
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Business 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 offers an added advantage of increasingthe life of the product and enhancing its quality by making it rust-free. Our products are therefore manufacturedto provide an effective solution to the continuous damage caused to houses in Kerala on account of inclementweather condition. Accordingly, our products experience a constant demand on account of being anindispensable raw material in the construction industry in Kerala. In order to capture the market and cater to thegrowing demand, in the year 2019, we increased our manufacturing capacity by installing another electricresistance welding tube mill of an installed capacity of 4,000 MT in our manufacturing unit.
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Promoter's Holding
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Total Share Capital
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12622600
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Offered to Public
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4640000
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Promoter's Holding (Pre-Issue)
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99.8
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Promoter's Holding (Post-Issue)
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73.02
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Address |
Door No. 2/546/ A & 2/546/ B Mala
Pallipuram P O
Mala
Thrissur,
Kerala,
680732
Phone : 7034212002
Email : info@demacsteel.com
Website : www.demacsteel.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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NSE
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Lead Manager |
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Khandwala Securities Ltd
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Promoters |
Ankur Jain
Cyriac Varghese
Divyakumar Jain
Mahendra Kumar Jain
Molly Varghese
Vazhappily Davis Varghese
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|
