IPO

Newmalayalam Steel Limited IPO

NSE SME

Listed On: Dec 27, 2024 at ₹ 90.0

₹ 288000 /3200 Shares
*Min Investment

Check Allotment

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date
Newmalayalam Steel IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 46,40,000 shares(aggregating up to ₹41.76 crore)
  • Fresh Share 46,40,000 shares(aggregating up to ₹41.76 crore)
  • Listing at NSE SME
  • List Price 90.0
  • Listing Date 2024-12-27
  • Lead Manager Khandwala Securities Limited
  • Registrar Kfin Technologies Limited
Newmalayalam Steel IPO Details
  • Retail Portion 45%
Newmalayalam Steel IPO Reservation

Newmalayalam Steel IPO offers total 46,40,000 shares. Out of which 4,41,600 (9.52%) allocated to QIB, 19,80,800 (42.69%) allocated to NII,19,84,000 (42.76%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Market Maker Shares Offered2,33,600 (5.03%)
QIB Shares Offered4,41,600 (9.52%)
NII (HNI) Shares Offered19,80,800 (42.69%)
Retail Shares Offered19,84,000 (42.76%)
Total Shares Offered46,40,000 (100%)
Newmalayalam Steel IPO Documents
DRHP
RHP
Newmalayalam Steel IPO Details


Newmalayalam Steel Limited IPO is an SME IPO, priced at ₹85-90 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 46,40,000 equity shares, aggregating up to ₹41.76 crores..

The IPO bidding window is open from Dec 19, 2024 to Dec 23, 2024. The allotment is expected to be finalized on Dec 24, 2024, and the tentative listing date is Dec 27, 2024.


Khandwala Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.

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Newmalayalam Steel IPO Subscription Analysis And Details
Retail
87.71x
Total
50.74x
As onQIB / NIIRetailTotal
Shares Offered / Reserved4,41,600 / 19,80,80019,84,00044,06,400
Day 1 19-12-24 06:00 PM
1.06 / 0.43 x4.62 x2.38 x
Day 2 20-12-24 06:00 PM
1.06 / 1.21 x11.30 x5.74 x
Day 3 23-12-24 06:00 PM
1.26 / 24.74 x87.71 x50.74 x
Total No of Applications
1,17,354
Newmalayalam Steel Valuations
EPS Pre IPO ₹3.38/-
EPS Post IPO ₹6.01/-
P/E Pre IPO 26.67
P/E Post IPO 14.98
ROE 10.55%
ROCE 17.60
RoNW 10.55%
PAT Margin 1.41
Price to Book Value 2.81
Newmalayalam Steel Company Financials
In Lakhs
In Lakh
30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets11,032.7711,208.198,734.839,001.66
Revenue15,533.8230,314.8035,995.7132,360.91
Profit After Tax519.30426.86600.49673.06
Net Worth4,566.444,047.143,620.283,019.79
Reserves & Surplus3,301.682,782.382,355.521,755.03
Total Borrowing3,917.945,911.152,815.224,920.06
About Newmalayalam Steel Company

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 capacity of 3,500 MT. Its products are marketed under the brand name Demac Steel. Clients include big names like Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited. The company took over the assets and liabilities of M/s Demac Steel as a going concern, which had a legacy of excellence behind it.

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Newmalayalam Steel - Promoter(s)

Vazhappily Davis Varghese

Divyakumar Jain

Ankur Jain

Mahendra Kumar Jain

Molly Varghese

Cyriac Varghese

Pre Issue Share Holding : 99.80%

Post Issue Share Holding : 73.02%

Newmalayalam Steel IPO - Issue Objectives
1

IT / Technological Upgradation of existing manufacturing facility

2

Expansion of the existing solar facility for power generation

3

Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.

4

Advertising, Marketing and Brand Building

5

Funding incremental working capital requirements of our Company

6

Issue related expenses

7

General Corporate purposes

Newmalayalam Steel IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Newmalayalam Steel Limited3.383.383226.6710.552.81Consolidated
Apollo Pipes Ltd26.426.4103.9359.115.7N/AConsolidated
Hariom Pipe Industries Limited20.420.4149.7232.812.24N/AConsolidated

Notes:

  1. As certified by statutory auditor P Sankara Kutty, Chartered Accountants pursuant to their certificate dated October 14, 2024.
  2. The P/E Ratio has been computed based on the closing market price of equity shares on October 14, 2024, divided by the Diluted EPS.
  3. Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
  4. NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
Contact Details

Newmalayalam Steel

Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala

+91 703 421 2002

info@demacsteel.com

https://demacsteel.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

ipo@kfintech.com

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