Newmalayalam Steel Limited IPO is open for subscription from December 19, 2024. The IPO segment has a total value of ₹41.76 crores, with 46.40 lakh new shares being offered. The IPO will close on December 23, 2024. The allotment of shares is expected to be completed by December 24, 2024, and the shares will be listed on the NSE SME platform on December 27, 2024
The price band for the IPO is ₹85 to ₹90 per share, and the minimum lot size for application is 1,600 shares.
Check out the steps to apply for Newmalayalam Steel IPO!
Newmalayalam Steel IPO Timeline (Tentative)
Here’s a quick look at the Newmalayalam Steel IPO details:
| Key Detail | Information |
| IPO Opening Date | December 19, 2024 |
| IPO Closing Date | December 23, 2024 |
| Allotment Date | December 24, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Registrar | Kfin Technologies Limited |
| Minimum Order Quantity | 1,600 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
About Newmalayalam Steel Limited
Newmalayalam Steel Limited makes galvanized pipes, tubes, and sheets. The company has a special machine in Kerala, India that can produce 3,500 MT of these products.
Their clients include companies like Jaihind Steel, Aashico Ventures, and George Infra. The company’s products are well-known for their quality, which has helped build a strong brand, “Demac Steel.”
Newmalayalam Steel IPO Key Details
- Newmalayalam Steel IPO Launch Date: December 19, 2024
- Newmalayalam Steel IPO Closing Date: December 23, 2024
- Newmalayalam Steel IPO Price Band: ₹85 to ₹90 per share
- Newmalayalam Steel IPO Lot Size: 1,600 Shares
- Newmalayalam Steel GMP: ₹0 (as of Dec 18, 2024)
- Book Running Lead Manager: Khandwala Securities Ltd
- Registrar: Kfin Technologies Ltd
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Newmalayalam Steel Limited Financial Information
Newmalayalam Steel Limited’s financial performance has seen a decline recently. Between FY 2023 and FY 2024, revenue dropped by 15.78%, and profit after tax (PAT) fell by 28.91%. The company’s assets and net worth, however, showed an increase during this period.
(All amounts are in ₹ Lakhs)
| Years | Assets | Revenue | Profit After Tax (PAT) | Net Worth | Reserves and Surplus | Total Borrowing |
| 31 Mar 2022 | 9,001.66 | 32,360.91 | 673.06 | 3,019.79 | 1,755.03 | 4,920.06 |
| 31 Mar 2023 | 8,734.83 | 35,995.71 | 600.49 | 3,620.28 | 2,355.52 | 2,815.22 |
| 31 Mar 2024 | 11,208.19 | 30,314.80 | 426.86 | 4,047.14 | 2,782.38 | 5,911.15 |
| 30 Sep 2024 | 11,032.77 | 15,533.82 | 519.30 | 4,566.44 | 3,301.68 | 3,917.94 |
FAQs – Newmalayalam Steel Limited IPO
Newmalayalam Steel Limited is a prominent manufacturer of galvanised pipes, tubes, and sheets. The company operates an electric resistance welding tube mill with an installed capacity of 3,500 MT.
The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. Interested investors should apply during this window to participate in the offering.
The minimum lot size for the IPO is 1,600 shares.
The IPO allotment will be finalized on December 24, 2024. Investors can check the allotment status online through the registrar’s website after this date.
The IPO will be listed on the NSE SME platform on December 27, 2024.
The price band for the Newmalayalam Steel IPO is ₹85 to ₹90 per share. Investors can place their bids within this range during the subscription period.
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