NewMalayalam Steel Limited
₹1,44,000(1,600 Shares)
Minimum Investment
IPO Dates
Dec 19, 2024 – Dec 23, 2024
Price Band
₹85–90 per equity share
Lot Size
1600
Listing
Dec 27, 2024
Listing At
NSE SME
NewMalayalam Steel Limited Live Subscription Details
All IPOsAll Live IPOsOverall Subscription
Total Bids Received
50.74x
NewMalayalam Steel Limited IPO Issue Details
- Issue Price
- ₹85-90 Per Equity Share
- Face Value
- ₹10 Per Equity Share
- Fresh Share
- 46,40,000 shares(aggregating up to ₹41.76 crore)
- Listing At
- NSE SME
- Listing Date
- Dec 27, 2024
- Registrar
- Kfin Technologies Limited
Reservation Details
Shares Offered
19,80,800
Shares Offered
4,41,600
Shares Offered
2,33,600
Company Information
NewMalayalam Steel Limited is a Kerala-based company, which started in 2017. The company manufactures galvanized pipes, tubes, and sheets. It has an electric resistance welding tube mill with a capaci...
Valuations
EPS (Pre-IPO)
3.38
EPS (Post-IPO)
6.01
P/E (Pre-IPO)
26.67
P/E (Post-IPO)
14.98
RoNW
10.55%
PAT Margin
1.41%
P/B Value
2.81
Objectives of the Issue
- 1IT / Technological Upgradation of existing manufacturing facility
- 2Expansion of the existing solar facility for power generation
- 3Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
- 4Advertising, Marketing and Brand Building
- 5Funding incremental working capital requirements of our Company
- 6Issue related expenses
- 7General Corporate purposes
NewMalayalam Steel Limited – Promoter(s)
Contact Details
Corporate Office
Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala
NewMalayalam Steel Limited Allotment & Registrar Details
Check AllotmentKfin Technologies Limited
NewMalayalam Steel Limited IPO Documents
Frequently Asked Questions — NewMalayalam Steel Limited IPO
The NewMalayalam Steel Limited IPO price band is set at ₹85.00 to ₹90.00 per equity share.
The lot size for NewMalayalam Steel Limited IPO is 1600 shares per lot. The minimum investment amount is approximately ₹1,44,000.
The NewMalayalam Steel Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
NewMalayalam Steel Limited IPO is expected to be listed on Dec 27, 2024 on NSE SME.
The current GMP for NewMalayalam Steel Limited IPO is ₹25, suggesting an expected listing price of around ₹110.00. Note: GMP is an unofficial market indicator.
The registrar for NewMalayalam Steel Limited IPO is Kfin Technologies Limited. You can contact them at ipo@kfintech.com.
