Newmalayalam Steel Ltd
Price Range
₹85 - ₹90
-
Min. Quantity
1,600
Closes on
23 December 2024
-
Min. investment
₹1,44,000/1,600 Shares
Newmalayalam Steel Ltd IPO Timeline
Newmalayalam Steel Ltd was incorporated on March 31, 2017 as NewMalayalam Steel Private Limited', a Private Limited Company pursuant to a Certificate of Incorporation issued by Registrar of Companies, Central Registration Centre. Further, Company was converted into a Public Limited Company and consequently the Company name got changed to NewMalayalam Steel Limited' and a fresh Certificate of Incorporation dated February 1, 2024 was issued by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Newmalayalam Steel Ltd IPO Opening Date | 19 December 2024 |
| Newmalayalam Steel Ltd IPO Closing Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refunds | 26 December 2024 |
| Credit of Shares to Demat | 26 December 2024 |
| Newmalayalam Steel Ltd IPO Listing Date | 27 December 2024 |
Newmalayalam Steel Ltd IPO Details
| Newmalayalam Steel Ltd IPO Date | 19 December 2024 to 23 December 2024 |
| Newmalayalam Steel Ltd IPO Face Value | ₹10 per share |
| Newmalayalam Steel Ltd IPO Price | ₹85 to ₹90 per share |
| Newmalayalam Steel Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹41.76 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹41.76 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 4,41,600 of the Net Offer |
| Retail Shares Offered | Not less than 19,84,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 19,80,800 of the Net Offer |
| Company Promoters | Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain |
Newmalayalam Steel Ltd IPO Lot Size
The Newmalayalam Steel Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,44,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,44,000 |
| Maximum | 1 | 1,600 | ₹1,44,000 |
- Strengths
- Risks
- Opportunities
- Widespread distribution network and presence across various retail channels.
- Diversified Product Basket.
- Brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of our products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost efficient sourcing and locational advantage.
- Well experienced management team with proven project management and implementation skills.
Company Financials
Newmalayalam Steel Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 112.08 | 303.15 | 4.27 |
| 03-2023 | 87.35 | 359.96 | 6.00 |
| 03-2022 | 90.02 | 323.61 | 6.73 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- IT/Technological upgradation of existing mfg facility and 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
- Advertising, Marketing and Brand Building
- Funding incremental working capital requirements of the company
- General corporate purposes
Newmalayalam Steel Ltd IPO Promoter Holding
| Pre Issue Share Holding | 49.74% |
| Post Issue Share Holding | 36.39% |
Newmalayalam Steel Ltd IPO Subscription Status (Bidding Detail)
The Newmalayalam Steel Ltd IPO is subscribed 48.1866 times on 23 December 2024 05:00:00 PM. The public issue subscribed 87.7081 times in the retail category, 1.2645 times in the QIB category, and 24.7448 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.2645 | 24.7448 | 87.7081 | - | 48.1866 |
Newmalayalam Steel Ltd IPO Prospectus
Newmalayalam Steel Ltd IPO Listing Date
| BSE Script | 93014 |
| NSE Symbol | NMSTEEL |
| Listing In | NSE - SME |
| ISIN | INE0TP801012 |
| IPO Price | ₹90 |
| Face Value | ₹10 |
Company Contact Information
Door No.2/546/A & 2/546/B MalaPallipuram PO Mala,Thrissur-680732
Phone: +91 703 421 2002
Email: info@demacsteel.com
Website: www.demacsteel.com
Newmalayalam Steel Ltd IPO Registrar
Newmalayalam Steel Ltd IPO Lead Manager(s)
- Khandwala Securities Ltd
FAQ
What is the issue size of Newmalayalam Steel Ltd IPO?
I have pre-applied for Newmalayalam Steel Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.