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Newmalayalam Steel IPO is a book build issue of ₹41.76 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹41.76 crore.
Newmalayalam Steel IPO bidding started from Dec 19, 2024 and ended on Dec 23, 2024. The allotment for Newmalayalam Steel IPO was finalized on Dec 24, 2024. The shares got listed on NSE SME on Dec 27, 2024.
Newmalayalam Steel IPO price band is set at ₹90.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Khandwala Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Newmalayalam Steel IPO RHP for detailed Information.
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | December 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,40,000 shares (aggregating up to ₹41.76 Cr) |
| Reserved for Market Maker | 2,33,600 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹2.10 Cr) |
| Net Offered to Public | 44,06,400 shares (aggregating up to ₹39.66 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,47,600 shares |
| Share Holding Post Issue | 1,72,87,600 shares |
Newmalayalam Steel IPO offers total 46,40,000 shares. Out of which 4,41,600 (9.52%) allocated to QIB, 19,80,800 (42.69%) allocated to NII, 19,84,000 (42.76%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,33,600 (5.03%) |
| QIB Shares Offered | 4,41,600 (9.52%) |
| NII (HNI) Shares Offered | 19,80,800 (42.69%) |
| Retail Shares Offered | 19,84,000 (42.76%) |
| Total Shares Offered | 46,40,000 (100.00%) |
Newmalayalam Steel IPO opens on December 19, 2024, and closes on December 23, 2024.
| IPO Open Date | Thu, Dec 19, 2024 |
| IPO Close Date | Mon, Dec 23, 2024 |
| Tentative Allotment | Tue, Dec 24, 2024 |
| Initiation of Refunds | Thu, Dec 26, 2024 |
| Credit of Shares to Demat | Thu, Dec 26, 2024 |
| Tentative Listing Date | Fri, Dec 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 23, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
NewMalayalam Steel Limited manufactures galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit in Kerala, India.
The company's clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The products' reputation and quality have helped Newmalayalam Steel Limited establish brand equity in the products marketed under the brand name "Demac Steel".
Incorporated in 2017, the company took over the entire M/s business. Demac Steel, along with its assets and liabilities, is on a going concern basis (the "Transfer").
Competitive Strengths:
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 | ||||
The market capitalization of Newmalayalam Steel IPO is ₹155.59 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| RoNW | 10.55% |
| PAT Margin | 1.41% |
| Price to Book Value | 2.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
The company proposes to utilize the Net Proceeds from the offer towards funding the following objects
[Dilip Davda] The company is engaged in the manufacturing and marketing of galvanized pipes, tubes and sheets on a B2B2C segments. While it posted inconsistency in its top and bottom lines from FY21 to FY24, the sudden boost in bottom line for H1-FY24 surprises and raise eyebrows. Based on H1-FY25 annualized super earnings, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | December 27, 2024 |
| BSE Script Code | |
| NSE Symbol | NMSTEEL |
| ISIN | INE0TP801012 |
| Final Issue Price | ₹90 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Newmalayalam Steel Ltd.
Door No. 2/546/A & 2/546/B Mala
Pallipuram P O,
Mala,
Thrissur, Kerala, 680732
Phone: +91 703 421 2002
Email: info@demacsteel.com
Website: https://demacsteel.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email:
Website: https://ipostatus.kfintech.com/
Newmalayalam Steel IPO is a SME IPO of 46,40,000 equity shares of the face value of ₹10 aggregating up to ₹41.76 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on December 19, 2024, and closes on December 23, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Newmalayalam Steel IPO using UPI as a payment gateway. Zerodha customers can apply in Newmalayalam Steel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Newmalayalam Steel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Newmalayalam Steel IPO opens on December 19, 2024 and closes on December 23, 2024.
Newmalayalam Steel IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Newmalayalam Steel IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Newmalayalam Steel IPO will be done on Tuesday, December 24, 2024, and the allotted shares will be credited to your demat account by Thursday, December 26, 2024. Check the Newmalayalam Steel IPO allotment status.
The Newmalayalam Steel IPO listing date is on Friday, December 27, 2024.
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