Newmalayalam Steel IPO
- IPO Date19 Dec, 2024 to 23 Dec, 2024
- Listing Date27 Dec, 2024
- Face Value₹10 per share
- Issue Price₹85 to ₹90 per share
- Lot Size1600 Shares
- Minimum Investment₹1,44,000
- Listing AtNSE SME
- Total Issue Size46,40,000 Shares
(aggregating up to ₹41.76 Cr) - Fresh Issue46,40,000 Shares
(aggregating up to ₹41.76 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,26,47,600
- Shareholding post issue1,72,87,600
IPO Dates
Closing Date
23 Dec, 2024
Initiation of Refunds
26 Dec, 2024
Listing Date
27 Dec, 2024
19 Dec, 2024
Opening Date
24 Dec, 2024
Basis of Allotment
26 Dec, 2024
Credit of Shares
Newmalayalam Steel Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 3200 | ₹2,88,000 |
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| S-HNI (Max) | - | - | - |
Newmalayalam Steel Promoter Holding
Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese and Cyriac Varghese are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.8% | 73.02% |
Newmalayalam Steel COMPANY INFORMATION
Newmalayalam Steel IPO is a book built issue of Rs 41.76 crores. The issue is entirely a fresh issue of 46.40 lakh shares. Newmalayalam Steel IPO opens for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Newmalayalam Steel IPO is expected to be finalized on Tuesday, December 24, 2024. Newmalayalam Steel IPO will list on NSE SME with tentative listing date fixed as Friday, December 27, 2024. Newmalayalam Steel IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,44,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,88,000. Khandwala Securities Limited is the book running lead manager of the Newmalayalam Steel IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Newmalayalam Steel IPO is Aftertrade Broking Pvt Ltd. Refer to Newmalayalam Steel IPO RHP for detailed information.
NewMalayalam Steel 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 , 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:
- Widespread distribution network and presence across various retail channels.
- Diversified Product Basket.
- Brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of the products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost-efficient sourcing and locational advantage.
FAQs About Newmalayalam Steel Ipo
Newmalayalam Steel IPO will open on 19 Dec, 2024 and close on 23 Dec, 2024. Investors must apply within this period to participate.
The Newmalayalam Steel IPO price band is set between ₹85.00 and ₹90.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹144000.00.
The Newmalayalam Steel IPO shares are expected to be listed on 27 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Newmalayalam Steel IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Newmalayalam Steel IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.