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Offer Date | Dec 19 - Dec 23, 2024 |
Offer Price | ₹ 85-90 |
Lot Size | 1600 |
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Newmalayalam Steel Limited IPO
NSE SME LiveOffer Date: Dec 19, 2024 - Dec 23, 2024
Exp. Premium: 25-30 (27.78%)
₹ 144000 /1600 Shares
Apply*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Newmalayalam Steel IPO Live Subscription Details
Date
:20-Dec-2024 17:00:48 hrs
QIBs
:1.06
NII
:1.21
Retail
:11.30x
Total
:5.74 times
Newmalayalam Steel IPO Details
19 Dec, 2024
Open Date23 Dec, 2024
Close Date24 Dec, 2024
Allotment Date27 Dec, 2024
Listing DateIssue Price
₹85-90 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedMarket Lot
1600 Shares (₹144,000/-)Lead Manager
Khandwala Securities LimitedIssue Size
4,640,000 shares(aggregating up to ₹41.76 Cr)Retail Portion
45%Subscription
5.74 timesNewmalayalam Steel Valuations
EPS Pre IPO
₹3.38/-EPS Post IPO
₹6.01/-P/E Pre IPO
26.67P/E Post IPO
14.98RoNW
10.55%Newmalayalam Steel Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 11,208.19 | 8,734.83 | 9,001.66 |
| Revenue | 30,314.80 | 35,995.71 | 32,360.91 |
| Profit After Tax | 426.86 | 600.49 | 673.06 |
About The Company
NewMalayalam Steel Limited is engaged in the manufacturing of galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit situated in Kerala, India.
The company's clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The reputation and the quality of the products have enabled NewMalayalam Steel to establish brand equity in the products marketed under our brand name Demac Steel.
Newmalayalam Steel - Promoter(s)
Pre Issue Share Holding: 99.80%
Post Issue Share Holding: 73.02%
Company Promoter(s)
- Vazhappily Davis Varghese
- Divyakumar Jain
- Ankur Jain
- Mahendra Kumar Jain
- Molly Varghese
- Cyriac Varghese
Newmalayalam Steel IPO - Issue Objectives
- IT / Technological Upgradation of existing manufacturing facility
- Expansion of the existing solar facility for power generation
- Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
- Advertising, Marketing and Brand Building
- Funding incremental working capital requirements of our Company
- Issue related expenses
- General Corporate purposes
Newmalayalam Steel IPO - FAQs
Ans. Newmalayalam Steel Limited IPO is a SME IPO. The issue is priced at ₹85-90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Newmalayalam Steel Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
Ans. The size of Newmalayalam Steel Limited IPO is 4,640,000 shares(aggregating up to ₹41.76 Cr).
Ans. The IPO price band is set between ₹85-90 per equity share.
Ans. To apply for Newmalayalam Steel Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Newmalayalam Steel Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Newmalayalam Steel Limited IPO is Dec 24, 2024.
Ans. The Newmalayalam Steel Limited IPO will be listed on Dec 27, 2024.
Ans. Follow the steps to check the allotment status for Newmalayalam Steel Limited IPO here.
