Newmalayalam Steel IPO vs Yash Highvoltage IPO

Comparison between Newmalayalam Steel IPO and Yash Highvoltage IPO.

IPO Details

Newmalayalam Steel IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Yash Highvoltage IPO is a SME Bookbuilding proposed to list at BSE SME.

	Newmalayalam Steel IPO	Yash Highvoltage IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Khandwala Securities Ltd.	Indorient Financial Services Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Newmalayalam Steel IPO is up to ₹39.66 Cr whereas the issue size of the Yash Highvoltage IPO is up to ₹104.51 Cr. The final issue price of Newmalayalam Steel IPO is ₹90.00 per share and of Yash Highvoltage IPO is ₹146.00 per share.

	Newmalayalam Steel IPO	Yash Highvoltage IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹85.00 per share	₹138.00 per share
Issue Price (Upper)	₹90.00 per share	₹146.00 per share
Issue Price (Final)	₹90.00 per share	₹146.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	44,06,400 shares	60,28,000 shares
Fresh Issue Size (Amount)	up to ₹39.66 Cr	up to ₹88.01 Cr
OFS Issue Size	0 shares	11,30,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹16.50 Cr
Issue Size Total	44,06,400 shares	71,58,000 shares
Issue Size Total (Amount)	up to ₹39.66 Cr	up to ₹104.51 Cr

IPO Timetable

Newmalayalam Steel IPO opens on Dec 19, 2024, while Yash Highvoltage IPO opens on Dec 12, 2024. The closing date of Newmalayalam Steel IPO and Yash Highvoltage IPO is Dec 23, 2024, and Dec 16, 2024, respectively.

	Newmalayalam Steel IPO	Yash Highvoltage IPO
Anchor Bid Date		Dec 11, 2024
Issue Open	Dec 19, 2024	Dec 12, 2024
Issue Close	Dec 23, 2024	Dec 16, 2024
Basis Of Allotment (Tentative)	Dec 24, 2024	Dec 17, 2024
Initiation of Refunds (Tentative)	Dec 26, 2024	Dec 18, 2024
Credit of Share (Tentative)	Dec 26, 2024	Dec 18, 2024
Listing date (Tentative)	Dec 27, 2024	Dec 19, 2024
Anchor Lockin End date 1		Jan 16, 2025
Anchor Lockin End date 2		Mar 17, 2025

Financials & KPIs

Newmalayalam Steel IPO P/E ratio is 26.67, as compared to Yash Highvoltage IPO P/E ratio of 26.8.

Newmalayalam Steel IPO

Yash Highvoltage IPO

Financials

Newmalayalam Steel Limited Financial Information (Restated)

Newmalayalam Steel Limited's revenue decreased by -15.78% and profit after tax (PAT) dropped by -28.91% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,032.77	11,208.19	8,734.83	9,001.66
Total Income	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 and 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
Amount in ₹ Lakhs

Yash Highvoltage Limited Financial Information (Restated)

Yash Highvoltage Limited's revenue increased by 20.43% and profit after tax (PAT) rose by 5.61% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,084.36	7,039.29	5,914.59	4,315.83
Total Income	2,777.84	10,912.25	9,061.15	6,537.90
Profit After Tax	312.75	1,206.27	1,142.22	871.23
Net Worth	4,526.20	4,213.45	3,208.21	2,450.65
Reserves and Surplus	3,787.99	3,905.86	2,900.62	2,143.06
Total Borrowing	1,256.97	707.64	777.60	744.49
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.80

79.48

Promoter Shareholding (Post-Issue)

73.02

P/E Ratio

26.67

26.8

Market Cap

₹155.59 Cr.

₹416.85 Cr.

ROE

10.55%

32.51%

ROCE

17.60

44.07%

Debt/Equity

0.17

EPS

₹3.38

₹5.45

RoNW

10.55%

32.51%

Shares Offered

In the Newmalayalam Steel IPO Retail Individual Investors (RII) are offered 19,84,000 shares while in Yash Highvoltage IPO retail investors are offered 19,84,000 shares. Qualified Institutional Buyers (QIB) are offered 4,41,600 shares in Newmalayalam Steel IPO and 14,32,000 shares in Yash Highvoltage IPO.

	Newmalayalam Steel IPO	Yash Highvoltage IPO
Anchor Investor Reserveration		21,46,000 shares
Market Maker Reserveration	2,33,600 shares	3,77,000 shares
QIB	4,41,600 shares	14,32,000 shares
NII	19,80,800 shares	10,74,000 shares
RII	19,84,000 shares	25,06,000 shares
Employee
Others
Total	44,06,400 shares	71,58,000 shares

Bids Received (Subscription)

Newmalayalam Steel IPO subscribed 50.69x in total, whereas Yash Highvoltage IPO subscribed 181.82x.

	Newmalayalam Steel IPO	Yash Highvoltage IPO
QIB (times)	1.26x	123.70x
NII (times)	24.63x	330.03x
Big NII (times)
Small NII (times)
RII (times)	87.70x	151.52x
Employee (times)
Other (times)
Total (times)	50.69x	181.82x

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