The Newmalayalam Steel IPO is being conducted as a book-built issue amounting to Rs 41.76 crores. The issue consists entirely of a fresh issue comprising 46.40 lakh shares.
The subscription for the Newmalayalam Steel IPO is scheduled to be opened on December 19, 2024, and will be closed on December 23, 2024. The allotment is expected to be finalized on Tuesday, December 24, 2024. The listing is planned on NSE SME, with a tentative listing date set for Friday, December 27, 2024.
The price band for the Newmalayalam Steel IPO has been set at ₹85 to ₹90 per share. A minimum lot size of 1600 shares is required for an application. An investment of ₹1,44,000 is the minimum amount required for retail investors, while a minimum of 2 lots (3,200 shares) amounting to ₹2,88,000 is required for HNI investors.
Get the Newmalayalam Steel IPO RHP for detailed information.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 85 to ₹ 90 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | ₹41.76 Cr |
| Fresh Issue | ₹41.76 Cr |
| Offer for Sale | Book Built Issue IPO |
| Employee Discount | |
| Issue Type | |
| Listing At | NSE SME |
| Share holding pre issue | 1,26,47,600 |
| Share holding post issue | 1,72,87,600 |
| Market Maker portion | 2,33,600 |
Newmalayalam Steel Limited IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment | December 24, 2024 |
| Initiation of Refunds | December 26, 2024 |
| Credit of Shares to Demat | December 26, 2024 |
| Listing Date | December 27, 2024 |
| Cut-off time for UPI mandate confirmation | December 23, 2024 |
A minimum of 1600 shares can be bid for by investors, with bids required to be placed in multiples thereof. The minimum and maximum investment amounts for retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | Rs.144,000 |
| Retail (Max) | 1 | 1,600 | Rs.144,000 |
| S-HNI (Min) | 2 | 3,200 | Rs.288,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 99.80% |
| Share Holding Post Issue | 73.02% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 10.02% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 44.95% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 45.03% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Galvanized pipes, tubes, and sheets are manufactured by NewMalayalam Steel Limited. An electric resistance welding tube mill with an installed capacity of 3,500 MT has been set up in the company’s manufacturing unit located in Kerala, India.
The company’s clients include Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited, among others. Brand equity has been established for the products marketed under the brand name "Demac Steel" due to the reputation and quality of the products.
Incorporated in 2017, the entire business of M/s Demac Steel, along with its assets and liabilities, was taken over by the company on a going concern basis (referred to as the "Transfer").
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| Debt/Equity | 10.55% |
| RoNW | |
| P/BV | |
| PAT Margin (%) | 1.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
The Net Proceeds from the offer are proposed to be utilized for funding the following objectives:
Newmalayalam Steel Limited Door No. 2/546/A & 2/546/B Mala Pallipuram P O, Mala, Thrissur 680 732, Kerala Phone: +91 703 421 2002 Email: info@demacsteel.com Website: https://demacsteel.com/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: Website: https://kosmic.kfintech.com/ipostatus/ |
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