Newmalayalam Steel Limited – IPO

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.


Newmalayalam Steel Limited – IPO Details

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 Timeline (Tentative Schedule)

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

Newmalayalam Steel Limited IPO Lot Size

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)

Newmalayalam Steel Limited IPO Promoter Holding

Share Holding Pre Issue 99.80%
Share Holding Post Issue 73.02%

Newmalayalam Steel Limited IPO Reservation

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

Newmalayalam Steel Limited IPO Anchor Investors Details

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)

About Newmalayalam Steel Limited

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").

Key Performance Indicator

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

Objects of the Issue (Newmalayalam Steel Limited IPO Objectives)

The Net Proceeds from the offer are proposed to be utilized for funding the following objectives:

  • IT and technological upgradation of the existing manufacturing facility.
  • Expansion of the existing solar facility for power generation.
  • Expenditure towards the civil construction of a new factory shed cum storage facility within the existing factory premises situated in Kerala.
  • Advertising, marketing, and brand-building activities.
  • Incremental working capital requirements of the company are planned to be funded.
  • Expenses related to the issue are intended to be covered.
  • General corporate purposes are also proposed to be funded.

Newmalayalam Steel Limited Contact Details

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/

Newmalayalam Steel Limited IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email:

Website: https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions


What is Newmalayalam Steel Limited IPO?
The Newmalayalam Steel Limited IPO is classified as an SME IPO. The issue price is set between ₹85 and ₹90 per equity share. A minimum of 1600 shares is required per order. The IPO will be open from December 19, 2024, to December 23, 2024. The shares are proposed to be listed on NSE SME.

When does the Newmalayalam Steel Limited IPO open and close?
The Newmalayalam Steel Limited IPO will be opened on December 19, 2024, and closed on December 23, 2024.

What is the issue size of the Newmalayalam Steel Limited IPO?
The size of the Newmalayalam Steel Limited IPO is in total. A fresh issue of ₹41.76 Cr shares, aggregating up to , is included.

What is the price band of the Newmalayalam Steel Limited Limited IPO?
The price band for the IPO has been set between ₹85 - ₹90 per equity share.

What is the allotment date of the Newmalayalam Steel Limited IPO?
The share allotment date for the Newmalayalam Steel Limited IPO is set for December 24, 2024.

What is the Newmalayalam Steel Limited listing date?
The Newmalayalam Steel Limited IPO is scheduled to be listed on December 27, 2024.

Lamfindia specializes in offering innovative financial solutions, including stock broker services, mutual fund investments, and IPO guidance.