What is the process to apply for the Newmalayalam Steel IPO?
- Answer Field
-
Log in to your trading platform, select the IPO, provide the required details, and submit the application with UPI authorization.
BAJAJ BROKING
Newmalayalam Steel IPO presents an opportunity for investors to participate in the company's journey. Applying for this IPO is a straightforward process, requiring a valid Demat account and access to an online trading platform. The IPO is open for subscription from December 19, 2024, to December 23, 2024, and offers shares at a price band of ₹85 to ₹90 per share.
To apply, investors can log in to their trading platform, follow the step-by-step instructions outlined below, and authorize the application through their UPI ID. Ensure all details are accurate and submitted before the deadline. For further details, refer to the official Newmalayalam Steel IPO page.
Applying for the Newmalayalam Steel IPO involves completing a few essential steps on your trading platform. Follow the steps below to ensure a smooth and successful application.
Step 1: Login to Your Trading Platform
Access your trading account on the web or mobile application.
Step 2: Navigate to the IPO Section
Look for the 'IPO' section where all ongoing IPOs are listed.
Step 3: Select the Open IPO and Click Apply
Identify "Newmalayalam Steel IPO" in the list and click the 'Apply' button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Input the number of shares you want to purchase, adhering to the minimum lot size of 1,600 shares.
Step 5: Provide Your UPI ID
Enter your UPI ID to authorize the payment for the application. Ensure sufficient funds are available in your linked bank account.
Step 6: Confirm the Application
Review your application details carefully, including the bid price and lot size. Confirm and submit the application.
Step 7: Complete the Process and Wait for Allotment
After submission, monitor the allotment status once announced, using the registrar's or relevant websites.
The allotment status for the Newmalayalam Steel IPO can be checked online through multiple platforms, such as the registrar’s website or stock exchange portals. The process is detailed below:
Step 1: Visit the Official Website of the IPO's Registrar
Go to the official website of Kfin Technologies, the registrar for this IPO.
Step 2: Navigate to the IPO Allotment Status Page
Locate the section for IPO allotment and select "Newmalayalam Steel IPO."
Step 3: Enter Your PAN Number, Demat ID, or Application Number
Provide the required details to retrieve your allotment information.
Step 4: Click on 'Submit' or 'Check Status'
Submit your information to access the allotment status.
Step 5: Alternative Check on Stock Exchange Websites
Visit the official NSE or BSE websites for alternative allotment status checks.
Step 6: Check via Bajaj Broking Website
You can also log in to your trading platform to check the IPO Allotment Status under the IPO section.
Newmalayalam Steel Limited operates in the galvanized steel sector, manufacturing pipes, tubes, and sheets under the "Demac Steel" brand. The company, established in 2017, has a well-developed distribution network and a strategically located manufacturing unit in Kerala.
The IPO is entirely a fresh issue, raising ₹41.76 crore by offering 46.40 lakh shares. These funds are earmarked for upgrading IT infrastructure, expanding the solar power generation facility, and constructing a new factory shed. The company also plans to use part of the proceeds for marketing and working capital requirements.
The IPO is open for subscription between December 19 and December 23, 2024, with a price band of ₹85 to ₹90 per share. The lot size is 1,600 shares, requiring a minimum investment of ₹1,44,000 for retail investors.
Investors can check their allotment status post-closure on the Newmalayalam Steel IPO Allotment Status page.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Rate Today | 19 December 2024 | Gold Price in India
19 Dec, 2024 | 40 Min. read
How to Apply for Mamata Machinery IPO & Check Allotment Status?
19 Dec, 2024 | 3 Min. read
Know the Objective & Analysis of Mamata Machinery IPO
19 Dec, 2024 | 4 Min. read
Zaggle Prepaid Launches QIP at ₹550.73/Share Floor Price
19 Dec, 2024 | 2 Min. read
US Fed Rate Cut Triggers Global Market Turmoil
19 Dec, 2024 | 2 Min. read
F.I.L.A. to Sell 4.57% Stake in DOMS via Block Deal at ₹2,755/Sh
19 Dec, 2024 | 2 Min. read
Yatharth Hospital Opens QIP with Floor Price at ₹626.18/Sh
19 Dec, 2024 | 2 Min. read
IOL Chemicals to Consider Stock Split on December 27
19 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Signals Negative Opening, Markets May Consolidate
19 Dec, 2024 | 4 Min. read
Modigliani-Miller Theorem: Meaning & How It Works
19 Dec, 2024 | 5 Min. read
Types of NSE Sectoral Indices in the Stock Market
19 Dec, 2024 | 7 Min. read
Cash Conversion Cycle - Definition, Formula, & Examples
19 Dec, 2024 | 9 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Log in to your trading platform, select the IPO, provide the required details, and submit the application with UPI authorization.
Yes, a valid Demat account is mandatory to apply for this IPO.
Physical forms are not accepted; applications must be submitted online or through ASBA.
PAN, Demat account details, and a UPI ID linked to your bank account are required.
Payments are made through UPI by approving a mandate request generated during the application process.
You will receive confirmation after UPI approval. Allotment status can be checked on the registrar's website or trading platform.
No Result Found
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading