Newmalayalam Steel IPO vs Technichem Organics IPO

Comparison between Newmalayalam Steel IPO and Technichem Organics IPO.

IPO Details

Newmalayalam Steel IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Technichem Organics IPO is a SME Bookbuilding proposed to list at BSE SME.

	Newmalayalam Steel IPO	Technichem Organics 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.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Aftertrade Broking Pvt.Ltd.	Shreni Shares 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 Technichem Organics IPO is up to ₹23.86 Cr. The final issue price of Newmalayalam Steel IPO is ₹90.00 per share and of Technichem Organics IPO is ₹55.00 per share.

	Newmalayalam Steel IPO	Technichem Organics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹85.00 per share	₹52.00 per share
Issue Price (Upper)	₹90.00 per share	₹55.00 per share
Issue Price (Final)	₹90.00 per share	₹55.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	44,06,400 shares	43,38,000 shares
Fresh Issue Size (Amount)	up to ₹39.66 Cr	up to ₹23.86 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	44,06,400 shares	43,38,000 shares
Issue Size Total (Amount)	up to ₹39.66 Cr	up to ₹23.86 Cr

IPO Timetable

Newmalayalam Steel IPO opens on Dec 19, 2024, while Technichem Organics IPO opens on Dec 31, 2024. The closing date of Newmalayalam Steel IPO and Technichem Organics IPO is Dec 23, 2024, and Jan 02, 2025, respectively.

	Newmalayalam Steel IPO	Technichem Organics IPO
Anchor Bid Date		Dec 30, 2024
Issue Open	Dec 19, 2024	Dec 31, 2024
Issue Close	Dec 23, 2024	Jan 02, 2025
Basis Of Allotment (Tentative)	Dec 24, 2024	Jan 03, 2025
Initiation of Refunds (Tentative)	Dec 26, 2024	Jan 06, 2025
Credit of Share (Tentative)	Dec 26, 2024	Jan 06, 2025
Listing date (Tentative)	Dec 27, 2024	Jan 07, 2025
Anchor Lockin End date 1		Feb 02, 2025
Anchor Lockin End date 2		Apr 03, 2025

Financials & KPIs

Newmalayalam Steel IPO P/E ratio is 26.67, as compared to Technichem Organics IPO P/E ratio of 14.81.

Newmalayalam Steel IPO

Technichem Organics 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

Technichem Organics Limited Financial Information (Restated)

Technichem Organics Limited's revenue decreased by -8% and profit after tax (PAT) rose by 173% 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	5,743.17	5,247.32	4,424.63	4,416.56
Total Income	1,487.89	4,696.84	5,101.97	6,778.63
Profit After Tax	140.46	472.68	172.93	342.06
Net Worth	2,102.5	1,962.04	1,489.36	1,316.43
Reserves and Surplus	829.37	1,707.42	1,234.74	1,061.81
Total Borrowing	1,658.31	1,763.94	1,562.15	1,017.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.80

97.64

Promoter Shareholding (Post-Issue)

73.02

71.77

P/E Ratio

26.67

14.81

Market Cap

₹155.59 Cr.

₹95.27 Cr.

ROE

10.55%

27.39%

ROCE

17.60

22.57%

Debt/Equity

0.90

EPS

₹3.38

₹3.71

RoNW

10.55%

24.09%

Shares Offered

In the Newmalayalam Steel IPO Retail Individual Investors (RII) are offered 19,84,000 shares while in Technichem Organics IPO retail investors are offered 19,84,000 shares. Qualified Institutional Buyers (QIB) are offered 4,41,600 shares in Newmalayalam Steel IPO and 8,68,000 shares in Technichem Organics IPO.

	Newmalayalam Steel IPO	Technichem Organics IPO
Anchor Investor Reserveration		12,98,000 shares
Market Maker Reserveration	2,33,600 shares	2,52,000 shares
QIB	4,41,600 shares	8,68,000 shares
NII	19,80,800 shares	6,52,000 shares
RII	19,84,000 shares	15,20,000 shares
Employee
Others
Total	44,06,400 shares	43,38,000 shares

Bids Received (Subscription)

Newmalayalam Steel IPO subscribed 50.69x in total, whereas Technichem Organics IPO subscribed 425.09x.

	Newmalayalam Steel IPO	Technichem Organics IPO
QIB (times)	1.26x	101.49x
NII (times)	24.63x	1,078.90x
Big NII (times)
Small NII (times)
RII (times)	87.70x	329.43x
Employee (times)
Other (times)
Total (times)	50.69x	425.09x

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