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How to Apply for Newmalayalam Steel IPO?

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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.

Newmalayalam Steel IPO Application Process

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.

How to Check Newmalayalam Steel IPO Allotment Status?

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.

About Newmalayalam Steel IPO: Overview and Key Facts

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

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Frequently Asked Questions

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.

Can I apply for the Newmalayalam Steel IPO using a physical form?

Answer Field

Physical forms are not accepted; applications must be submitted online or through ASBA.

What documents do I need to apply for the Newmalayalam Steel IPO?

Answer Field

PAN, Demat account details, and a UPI ID linked to your bank account are required.

How can I make the payment for the Newmalayalam Steel IPO?

Answer Field

Payments are made through UPI by approving a mandate request generated during the application process.

How will I know if my application for the Newmalayalam Steel IPO has been successful?

Answer Field

You will receive confirmation after UPI approval. Allotment status can be checked on the registrar's website or trading platform.

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