Bookbuilding IPO | ₹42 Cr | Listed at NSE SME | Thu, Dec 19, 2024 - Mon, Dec 23, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 19, 2024
IPO Close
Mon, Dec 23, 2024
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹155.59 Cr
| IPO Date | 19 to 23 Dec, 2024 |
| Listed on | Fri, Dec 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 46,40,000 shares (agg. up to ₹42 Cr) |
| Reserved for Market Maker | 2,33,600 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 44,06,400 shares (agg. up to ₹40 Cr) |
| Net Offered to Public | 44,06,400 shares (agg. up to ₹40 Cr) |
| Share Holding Pre Issue | 1,26,47,600 shares |
| Share Holding Post Issue | 1,72,87,600 shares |
| NSE Symbol | NMSTEEL |
| ISIN | INE0TP801012 |
Newmalayalam Steel IPO comprises a total issue size of 46,40,000 shares. The net offer to the public is 44,06,400 shares, after excluding 2,33,600 shares allotted on a firm basis. Of the Net offer 4,41,600 (10.02%) are allocated to QIB, 19,80,800 (44.95%) allocated to NII 19,84,000 (45.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 4,41,600 | 10.02% | 9.52% |
| NII (HNI) Shares Offered | 19,80,800 | 44.95% | 42.69% |
| Retail Shares Offered | 19,84,000 | 45.03% | 42.76% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,33,600 | 5.03% | |
| Total Shares Offered | 46,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 110.33 | 112.08 | 87.35 | 90.02 |
| Total Income | 155.34 | 303.15 | 359.96 | 323.61 |
| Profit After Tax | 5.19 | 4.27 | 6.00 | 6.73 |
| NET Worth | 45.66 | 40.47 | 36.20 | 30.20 |
| Reserves and Surplus | 33.02 | 27.82 | 23.56 | 17.55 |
| Total Borrowing | 39.18 | 59.11 | 28.15 | 49.20 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | IT / Technological Upgradation of existing manufacturing facility | 2.88 |
| 2 | Expansion of the existing solar facility for power generation | 2.34 |
| 3 | Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala | 2.56 |
| 4 | Advertising, Marketing and Brand Building | 5.06 |
| 5 | Funding incremental working capital requirements of our Company | 14.20 |
| 6 | General Corporate purposes# | 10.36 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60% |
| RoNW | 10.55% |
| PAT Margin | 1.41% |
| Price to Book Value | 2.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
| Promoter Holding | 99.8% | 73.02% |
| Market Cap | ₹155.59 Cr. |
The Newmalayalam Steel IPO is subscribed 50.69 times on December 23, 2024 6:19:59 PM (Day 3). The public issue subscribed 87.7 times in the retail category, 1.26 times in the QIB category, and 24.63 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.26 | 4,41,600 | 5,58,400 | 12 |
| NII* | 24.63 | 19,80,800 | 4,87,80,800 | 8,591 |
| Retail | 87.7 | 19,84,000 | 17,40,01,600 | 1,08,751 |
| Total | 50.69 | 44,06,400 | 22,33,40,800 | 1,17,354 |
Total Application : 1,17,354
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other intermediaries. | 3.88 |
| 2 | Marketing and Selling Commission and expenses | 0.29 |
| 3 | Advertising and marketing expenses | 0.12 |
| 4 | Printing and distribution of issue stationery | 0.01 |
| 5 | Others: Listing fees | 0.01 |
| 6 | SEBI and NSE processing fees | 0.00 |
| 7 | Book Building software fees | 0.04 |
| 8 | Other regulatory expenses | 0.01 |
| 9 | Miscellaneous | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹90.00 |
| Last Trade | ₹85.50 |
Lead Manager Reports
Newmalayalam Steel IPO is a SME IPO of 46,40,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Dec 19, 2024, and closes on Mon, Dec 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 Thu, Dec 19, 2024 and closes on Mon, Dec 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 Thu, Dec 26, 2024. Check the Newmalayalam Steel IPO allotment status.
The Newmalayalam Steel IPO listing date is on Fri, Dec 27, 2024.
