NewMalayalam Steel Limited

NewMalayalam Steel Limited IPO

NSE SMEClosed
Check Allotment
Dec 19, 2024Open Date
Dec 23, 2024Close Date
TBAAllotment Date
Dec 27, 2024Listing Date

Subscription Details

View Subscription Details
Retail87.71x
QIB / NII0.00x

Overall Subscription

Total Bids Received

50.74x

Updated: 10 Jul, 06:09 pm

NewMalayalam Steel Limited IPO Issue Details

Issue Price₹85-90 Per Equity Share
Face Value₹10 Per Equity Share
Fresh Share46,40,000 shares(aggregating up to ₹41.76 crore)
Listing AtNSE SME
Listing DateDec 27, 2024
RegistrarKfin Technologies Limited

Reservation Details

CategoryShares Offered%
NII19,80,80042.69%
QIB4,41,6009.52%
Market Maker2,33,6005.03%

Company Information

NewMalayalam Steel Limited is a Kerala-based company, which started in 2017. The company manufactures galvanized pipes, tubes, and sheets. It has an electric resistance welding tube mill with a capaci...

Valuations

EPS (Pre-IPO)

3.38

EPS (Post-IPO)

6.01

P/E (Pre-IPO)

26.67

P/E (Post-IPO)

14.98

RoNW

10.55%

PAT Margin

1.41%

P/B Value

2.81

Objectives of the Issue

  1. 1IT / Technological Upgradation of existing manufacturing facility
  2. 2Expansion of the existing solar facility for power generation
  3. 3Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
  4. 4Advertising, Marketing and Brand Building
  5. 5Funding incremental working capital requirements of our Company
  6. 6Issue related expenses
  7. 7General Corporate purposes

NewMalayalam Steel Limited – Promoter(s)

Vazhappily Davis Varghese
Divyakumar Jain
Ankur Jain
Mahendra Kumar Jain
Molly Varghese
Cyriac Varghese

Contact Details

Corporate Office

Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala

+91 703 421 2002

info@demacsteel.com

Visit Website

Registrar Contact

Kfin Technologies Limited

04067162222, 04079611000

ipo@kfintech.com

Visit Website

NewMalayalam Steel Limited IPO Documents

DRHP
RHP

Frequently Asked Questions — NewMalayalam Steel Limited IPO

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