IPO

Newmalayalam Steel Limited IPO

NSE SME

Listed On: Dec 27, 2024 at ₹ 90.0

₹ 144000 /1600 Shares

Check Allotment
Newmalayalam Steel IPO Details

19 Dec, 2024

Open Date

23 Dec, 2024

Close Date

24 Dec, 2024

Allotment Date

27 Dec, 2024

Listing Date

Issue Price

₹85-90 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

90.0

Listing Date

2024-12-27

Market Lot

1600 Shares (₹144,000/-)

Lead Manager

Khandwala Securities Limited

Issue Size

4,640,000 shares(aggregating up to ₹41.76 Cr)

Retail Portion

45%

Subscription

50.74 times

IPO Docs

DRHP RHP

Newmalayalam Steel IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved4,41,600 / 19,80,80019,84,00044,06,400
Day 1 - 19-12-24 06:00 PM1.06 / 0.43 x4.62 x2.38 x
Day 2 - 20-12-24 06:00 PM1.06 / 1.21 x11.30 x5.74 x
Day 3 - 23-12-24 06:00 PM1.26 / 24.74 x87.71 x50.74 x
Total No. of Applications: 1,17,354 (Approx)

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 All values are 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 The 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)

Pre Issue Share Holding: 99.80%

Post Issue Share Holding: 73.02%

Company Promoter(s)
  1. Vazhappily Davis Varghese
  2. Divyakumar Jain
  3. Ankur Jain
  4. Mahendra Kumar Jain
  5. Molly Varghese
  6. Cyriac Varghese

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

Other Details

Company Contact Details

Newmalayalam Steel

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: ipo@kfintech.com

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

Newmalayalam Steel IPO - FAQs

Ans. Newmalayalam Steel Limited IPO is a SME IPO. The issue is priced at ₹85-90 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Dec 19, 2024, and closes on Dec 23, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Newmalayalam Steel Limited IPO opens on Dec 19, 2024 and closes on Dec 23, 2024.

Ans. The size of Newmalayalam Steel Limited IPO is 4,640,000 shares(aggregating up to ₹41.76 Cr).

Ans. The IPO price band is set between ₹85-90 per equity share.

Ans. To apply for Newmalayalam Steel Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Newmalayalam Steel Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Newmalayalam Steel Limited IPO is Dec 24, 2024.

Ans. The Newmalayalam Steel Limited IPO will be listed on Dec 27, 2024.

Ans. Follow the steps to check the allotment status for Newmalayalam Steel Limited IPO here.