Newmalayalam Steel IPO: The ₹41.76 crore initial public offer of Newmalayalam Steel opened for subscription on Thursday, December 19, in the price range of ₹85-90 per share. Newmalayalam Steel IPO Objective The company plans to utilise the funds raised via the IPO for technological upgradation of existing manufacturing facilities, expansion of existing solar facility for power generation, funding expenditure towards …
