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The basis of allotment for Newmalayalam Steel IPO is available now.
The Newmalayalam Steel IPO allotment status will be available on Tuesday, December 24, 2024, as per the timeline provided in the red-herring prospectus.
Below are the steps to check Newmalayalam Steel Ltd. IPO allotment status online:
Note: The disabled button shows that the allotment is not yet available online.
The allotment result looks like as below:
The expected Listing price of Newmalayalam Steel IPO depends on many factors including demand, nature of the business, market environment, and state of the economy. The Newmalayalam Steel IPO grey market premium gives some hint but the actual Listing price is difficult to guess.
Newmalayalam Steel Ltd. IPO IPO allotment status is expected on Tuesday, December 24, 2024. Click the green button Newmalayalam Steel Ltd. IPO allotment status above to check the allotment. Note : The button remains disabled until the allotment is available online.
If Newmalayalam Steel IPO oversubscribed in the retail category, the Newmalayalam Steel IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.
The Newmalayalam Steel Ltd. listing date is December 27, 2024. The equity shares of Newmalayalam Steel Ltd. will list on NSE SME.
The reason you didn't get the Newmalayalam Steel IPO could be:
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