NewMalayalam Steel Limited IPO – GMP, Review, Share Price, Subscription, and Details

1.NewMalayalam Steel Limited IPO Overview

The initial public offering (IPO) of NewMalayalam Steel Limited is a public issue under the SME board. The subscription window is scheduled to open on Dec 19, 2024 and close on Dec 23, 2024, with the price band fixed at ₹85–90 per equity share.

2.Issue Details at a Glance

3.Bidding, Allotment & Listing Timeline

• Bidding opens: Dec 19, 2024
• Bidding closes: Dec 23, 2024
• Allotment date: TBA
• Listing date: 2024-12-27
• Minimum investment: ₹1,36,000 for 1600 shares
• Registrar: Kfin Technologies Limited
• Official document: Download NewMalayalam Steel Limited RHP PDF

4.NewMalayalam Steel Limited IPO GMP Today

The grey market premium for NewMalayalam Steel Limited is currently ₹25 per share — roughly 28% over the upper price band. GMP is an informal, unregulated indicator of listing-day sentiment; it is not published by any exchange and can change before listing, so treat it as sentiment rather than a forecast.

5.How to Apply for NewMalayalam Steel Limited IPO

1. 1Open IPOGMPTracker or use your broker's app or net banking ASBA facility.
2. 2Search for "NewMalayalam Steel Limited IPO" and select it from the list of current issues.
3. 3Choose your demat account and enter your bid quantity in multiples of the 1600-share lot, at a price within the ₹85–90 band (or bid at cut-off, if eligible).
4. 4Submit the application and approve the UPI mandate request when it arrives — funds stay blocked in your account and are debited only on allotment.

Allotment is expected to be finalised around TBA, with listing tentatively scheduled for 2024-12-27 on BSE and NSE. Once finalised, check your status on the NewMalayalam Steel Limited IPO allotment status page.

6.How to Track Subscription & Allotment

• Live subscription: Track QIB, NII and retail bidding on the IPO subscription status page
• Allotment status: Check your application on the IPO allotment status page
• Full IPO details: See dates, lot size, reservation and financials on the NewMalayalam Steel Limited IPO page
• More issues: Browse current IPOs, upcoming IPOs and the IPO event calendar

7.Conclusion

NewMalayalam Steel Limited opens on Dec 19, 2024 and closes on Dec 23, 2024 at ₹85–90 per share. Read the offer documents in full and consult a qualified adviser before applying — nothing on this page is investment advice.