Newmalayalam Steel IPO
Newmalayalam Steel is an NSE SME IPO listed on the NSE SME platform, priced at ₹85–₹90 per share. The stock debuted at ₹90 with a flat listing performance. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,44,000.
Newmalayalam Steel Limited IPO
- IPO Dates
- Dec 19, 2024 – Dec 23, 2024
- Price band
- ₹85-90 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- ₹41.76 Cr
- Lot size
- 1600
- Allotment Date
- Dec 24, 2024
- Listing
- Dec 27, 2024
- Listing At
- NSE SME
IPO timeline
-
Dec 19, 2024
Open Date
Completed
-
Dec 23, 2024
Close Date
Completed
-
Dec 24, 2024
Allotment Date
Completed
-
Dec 27, 2024
Listing Date
Completed
Newmalayalam Steel IPO Essentials
Newmalayalam Steel IPO Details
Newmalayalam Steel IPO is priced at ₹85-90 per share with a total issue size of 41.76 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹85-90 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,640,000 shares(aggregating up to ₹41.76 Cr)
- Total issue size
- 46,40,000 shares
(aggregating up to ₹41.76 crore) - Fresh issue
- 46,40,000 shares
(aggregating up to ₹41.76 crore) - Listing at
- NSE SME
- List price
- 90.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Khandwala Securities Limited
Newmalayalam Steel IPO Reservation
Newmalayalam Steel IPO reservation details show category-wise allocation of shares. Out of the total 46,40,000 shares, approximately 9.52% are reserved for QIB, 42.69% for NII, 42.76% for retail investors, and 5.03% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 2,33,600 (5.03%) | |
| QIB Shares Offered | 4,41,600 (9.52%) | |
| NII (HNI) Shares Offered | 19,80,800 (42.69%) | |
| Retail Shares Offered | 19,84,000 (42.76%) | |
| Total Shares Offered | 46,40,000 (100%) |
Newmalayalam Steel IPO Analytics
Newmalayalam Steel IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Newmalayalam Steel IPO Subscription Status
Newmalayalam Steel IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 4,41,600 / 19,80,800 | 19,84,000 | 44,06,400 |
|
Day 1
19-12-24 06:00 PM
|
(1.06 / 0.43) x | 4.62 x | 2.38 x |
|
Day 2
20-12-24 06:00 PM
|
(1.06 / 1.21) x | 11.30 x | 5.74 x |
|
Day 3
23-12-24 06:00 PM
|
(1.26 / 24.74) x | 87.71 x | 50.74 x |
Newmalayalam Steel Valuations
Earnings
- EPS Pre IPO
- ₹3.38/-
- EPS Post IPO
- ₹6.01/-
- P/E Pre IPO
- 26.67
- P/E Post IPO
- 14.98
Returns
- ROE
- 10.55%
- ROCE
- 17.60
- RoNW
- 10.55%
- PAT Margin
- 1.41
Fundamentals
- Price / Book
- 2.81
Newmalayalam Steel Financials( In Lakhs)
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 11,032.77 | 11,208.19 | 8,734.83 | 9,001.66 |
| Revenue | 15,533.82 | 30,314.80 | 35,995.71 | 32,360.91 |
| Profit After Tax | 519.30 | 426.86 | 600.49 | 673.06 |
| Net Worth | 4,566.44 | 4,047.14 | 3,620.28 | 3,019.79 |
| Reserves & Surplus | 3,301.68 | 2,782.38 | 2,355.52 | 1,755.03 |
| Total Borrowing | 3,917.94 | 5,911.15 | 2,815.22 | 4,920.06 |
Newmalayalam Steel Company & Offer Insights
About Newmalayalam Steel
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.
Newmalayalam Steel Promoter(s)
Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese, Cyriac Varghese are the company's promoters of Newmalayalam Steel.
Newmalayalam Steel IPO Issue Objectives
- •
- IT / Technological Upgradation of existing manufacturing facility
- •
- Expansion of the existing solar facility for power generation
- •
- Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
- •
- Advertising, Marketing and Brand Building
- •
- Funding incremental working capital requirements of our Company
- •
- Issue related expenses
- •
- General Corporate purposes
Newmalayalam Steel IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Newmalayalam Steel Limited | 3.38 | 3.38 | 32 | 26.67 | 10.55 | 2.81 | Consolidated |
| Apollo Pipes Ltd | 26.4 | 26.4 | 103.93 | 59.1 | 15.7 | N/A | Consolidated |
| Hariom Pipe Industries Limited | 20.4 | 20.4 | 149.72 | 32.8 | 12.24 | N/A | Consolidated |
Notes:
- As certified by statutory auditor P Sankara Kutty, Chartered Accountants pursuant to their certificate dated October 14, 2024.
- 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.
- Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
Contact Information
Contact Details
Newmalayalam Steel
+91 703 421 2002
Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Newmalayalam Steel IPO is a book-built IPO worth ₹41.76 crore. The price band is ₹85–₹90 per share. The IPO opens on Dec 19, 2024 and closes on Dec 23, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Newmalayalam Steel IPO is ₹85 to ₹90 per share.
The lot size of Newmalayalam Steel IPO is 1600 shares.
The minimum investment for Newmalayalam Steel IPO is approximately ₹1,44,000 based on the upper price band .
Newmalayalam Steel IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.
The allotment date of Newmalayalam Steel IPO is Dec 24, 2024.
Newmalayalam Steel IPO is expected to be listed on Dec 27, 2024, on NSE SME Platform.
Newmalayalam Steel IPO valuation snapshot: P/E 14.98, EPS ₹6.01/-, P/B 2.81, RoNW 10.55%, and market cap N/A.
To apply for Newmalayalam Steel IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Newmalayalam Steel IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Newmalayalam Steel IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Newmalayalam Steel IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Newmalayalam Steel IPO allotment status on IPO Ji for quick and easy access.