Newmalayalam Steel IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 19 Dec 2024
Close Date
Mon, 23 Dec 2024
Price Band
₹ 85 – 90
Lot Size
1600
Issue Size
₹ 41.76 Cr
Minimum Investment
₹ 288,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Newmalayalam Steel IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹41.76 Crore, comprising a fresh issue of 46.40 Lakh equity shares aggregating to ₹41.76 Crore.
The Newmalayalam Steel IPO remained open for subscription from December 19, 2024, to December 23, 2024. The basis of allotment was finalized on December 24, 2024, and the company's shares were listed on NSE SME Platform on December 27, 2024.
The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹288,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Khandwala Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Newmalayalam Steel Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Newmalayalam Steel IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Dec 24
- IPO Close Date
- Mon, 23 Dec 24
- Basis of Allotment
- Tue, 24 Dec 24
- Initiation of Refunds
- Thu, 26 Dec 24
- Credit of Shares to Demat
- Thu, 26 Dec 24
- Listing Date
- Fri, 27 Dec 24 — NSE & BSE
Open Date
19 December 2024
Close Date
23 December 2024
Basis Of Allotment
24 December 2024
Listing Date
27 December 2024
IPO Subscription
Check Live Subscription →The Newmalayalam Steel IPO has received bids for 22,35,85,600 shares against 44,06,400 shares offered, resulting in an overall subscription of 50.74x. the NII category is subscribed 24.74x, Retail Investors 87.71x, and QIBs 1.26x.
QIB
1.26x
NII
24.74x
RII
87.71x
Total
50.74x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,84,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 4,41,600 shares (0%), while Non-Institutional Investors (NIIs) receive 19,80,800 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 233,600 | 0% |
| Qualified Institutions | 441,600 | 0% |
| Non-Institutional | 1,980,800 | 0% |
| Retail Investors | 1,984,000 | 0% |
| Total | 4,640,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11032.77 | 11208.19 | 8734.83 | 9001.66 |
| Revenue | 15533.82 | 30314.8 | 35995.71 | 32360.91 |
| Profit After Tax | 519.3 | 426.86 | 600.49 | 673.06 |
| Net Worth | 4566.44 | 4047.14 | 3620.28 | 3019.79 |
| Reserve & Surplus | 3301.68 | 2782.38 | 2355.52 | 1755.03 |
| Total Borrowings | 3917.94 | 5911.15 | 2815.22 | 4920.06 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Newmalayalam Steel Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 10.55 |
| ROCE % | 17.6 |
| RoNW % | 10.55 |
| Pat Margin % | 1.41 |
Peers Comparison
No Peer Comparision Available
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
Newmalayalam Steel Limited Address / 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/
IPO Snapshot
Newmalayalam Steel IPO Lot Size
The Newmalayalam Steel IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,44,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,44,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 144,000.00 |
| Retail (Max) | 1 | 1,600 | 144,000.00 |
| S-HNI (Min) | 2 | 3,200 | 288,000.00 |
Issue Reservation
Book Running Lead Managers
- Khandwala Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Newmalayalam Steel 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.
When will the Newmalayalam Steel IPO open for subscription?
The Newmalayalam Steel IPO opens on Thu, Dec 19, 2024 and closes on Mon, Dec 23, 2024
What is Newmalayalam Steel IPO Price Band?
Newmalayalam Steel IPO Price Band is ₹85 to 90 per share.
What is Newmalayalam Steel IPO Lot Size?
Newmalayalam Steel IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹288000 based on the upper price band
What is the minimum investment for Newmalayalam Steel IPO?
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.
How to apply for Newmalayalam Steel IPO?
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.
What is Newmalayalam Steel IPO Issue Size?
Newmalayalam Steel IPO issue size is ₹41.76 crores.
What is the Newmalayalam Steel IPO Allotment Date?
Newmalayalam Steel IPO allotment date is Tue, Dec 24, 2024.
Who is the Newmalayalam Steel IPO Registrar?
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.
What is the Newmalayalam Steel IPO GMP?
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 33.33% over the issue price.
Who is the Newmalayalam Steel IPO Lead Manager?
The book-running lead managers (BRLMs) for the Newmalayalam Steel IPO are Khandwala Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Newmalayalam Steel IPO Red Herring Prospectus (RHP).