Newmalayalam Steel IPO Details
The Newmalayalam Steel IPO is a book build issue with a total issue size of ₹41.76 cr, comprising of fresh issue of 4640000 equity shares. Newmalayalam Steel IPO opened for subscription on Dec 19, 2024 and closed on Dec 23, 2024. Newmalayalam Steel IPO is set price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹288,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 24, 2024, and listed on the NSE on Dec 27, 2024.
Kfin Technologies Limited has been appointed as the registrar. Khandwala Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Newmalayalam Steel IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 85 – 90
- Lot Size
- 1600
- Issue Size
- ₹41.76 Cr
- Minimum Investment
- ₹288000 (3200 Shares)
- Listing Date
- 27 December 2024
Current GMP
₹30 (+33.33%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Newmalayalam Steel Limited
Newmalayalam Steel Limited (NMSL) was incorporated in 2017 to take over the entire business of M/s. Demac Steel, including its assets and liabilities, through a Business Transfer Agreement. The total consideration for the transfer was ₹532.39 lakhs, paid by issuing equity shares to Vazhappily Davis Varghese, the sole proprietor of M/s. Demac Steel. The company, led by promoters including Vazhappily Davis Varghese and others, is engaged in manufacturing galvanised pipes, tubes, and sheets, with a focus on the construction industry in Kerala.
The company started its operations in 2018 with the installation of an electric resistance welding tube mill, followed by another mill in 2019 to meet growing demand. NMSL markets its products through a widespread dealer network across Kerala, supplying to contractors, retailers, and wholesalers. The company has built a strong brand presence in the region, leveraging innovative marketing and strong relationships with dealers.
NMSL adheres to stringent quality standards through its Quality Division, which conducts comprehensive tests on raw materials and finished products at its in-house laboratory. Additionally, the company has invested in a solar plant with an installed capacity of 489.77 kWp to power its manufacturing unit, enhancing its environmental sustainability and reducing reliance on external power sources.
The company's commitment to quality, extensive distribution network, and focus on sustainability have positioned it as a preferred brand in Kerala's galvanised pipe and tube market.
Newmalayalam Steel IPO Promoters
- Vazhappily Davis Varghese
- Divyakumar Jain
- Ankur Jain
- Mahendra Kumar Jain
- Molly Varghese
- Cyriac Varghese
Promoters Holding
Holding Pre Issue
99.80%
Holding Post Issue
73.02%
Newmalayalam Steel IPO Objective
The company proposes to utilize the Net Proceeds from the offer towards funding the following objects
- 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 the Company
- Issue related expenses
- General Corporate purposes
Address / Contact Info
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/
IPO Snapshot
Book Running Lead Managers
- Khandwala Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Newmalayalam Steel IPO is a Book-building IPO with a total issue size of ₹41.76 crore. The Newmalayalam Steel IPO price band is ₹85 to 90 per share. The Newmalayalam Steel IPO subscription opens on Thu, Dec 19, 2024, and closes on Mon, Dec 23, 2024. The Newmalayalam Steel IPO will be listed on the NSE. Kfin Technologies Limited is the registrar for the Newmalayalam Steel IPO.
The Newmalayalam Steel IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
Newmalayalam Steel IPO Price Band is ₹85 to 90 per share.
Newmalayalam Steel IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
The minimum investment for Newmalayalam Steel IPO is ₹288000, based on one lot of 1600 shares at the upper price band of ₹90 per share.
Investors can apply for the Newmalayalam Steel IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Dec 23, 2024. The application amount remains blocked until the Newmalayalam Steel IPO allotment is finalized.
Newmalayalam Steel IPO issue size is ₹41.76 crores.
Newmalayalam Steel IPO allotment date is Wed, Jul 1, 2026.
The registrar for Newmalayalam Steel IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Newmalayalam Steel IPO allotment status, refund processing, and other IPO-related information.
The Newmalayalam Steel IPO GMP (Grey Market Premium) is ₹30 as of Fri, Dec 27, 2024. Based on the upper price band of ₹90 per share, the estimated Newmalayalam Steel IPO listing price is ₹120, indicating a potential listing gain of approximately 0% over the issue price.