check out the New Malayalam Steel IPO GMP (Grey Market Premium) as of today. The GMP on IPO for New Malayalam Steel has started off strong. Stay tuned for the latest updates on the New Malayalam Steel IPO GMP.
New Malayalam Steel IPO is set to open on December 19, 2024. The New Malayalam Steel IPO is a SME IPO. The New Malayalam Steel IPO Price band is fixed at ₹85 to ₹90 with a lot of 1600 shares.
About New Malayalam Steel IPO
Established in 1979, Mamta Manufacturing specializes in producing and exporting plastic pouch sealing machines, packing machinery, plastic bags, and extrusion equipment. The company primarily caters to FMCG, food, and beverage brands, delivering reliable packaging solutions. With a global presence spanning over 75 countries, Mamta Manufacturing has 800 machines operational across Africa, 100 machines in the USA supported by two representative offices, and 100 machines in India. The company aspires to become a globally recognized leader in the flexible packaging industry.
From 2021 to 2024, its expenses have fluctuated, recording ₹131.26 crores in 2021, ₹167.03 crores in 2022, ₹181.61 crores in 2023, and ₹131.44 crores in 2024. For FY 2024, the revenue stands at ₹148.25 crores. The company has announced an IPO comprising 73,82,340 shares, entirely an Offer for Sale (OFS).
New Malayalam Steel IPO GMP Live Rates
| Date | IPO GMP |
|---|---|
| December 26, 2024 | ₹ 30 (33.33%) |
| December 25, 2024 | ₹ 30 (33.33%) |
| December 24, 2024 | ₹ 30 (33.33%) |
| December 23, 2024 | ₹ 30 (33.33%) |
| December 22, 2024 | ₹ 30 (33.33%) |
| December 21, 2024 | ₹ 30 (33.33%) |
| December 20, 2024 | ₹ 30 (33.33%) |
| December 19, 2024 | ₹ 30 (33.33%) |
| December 18, 2024 | ₹ 30 (33.33%) |
New Malayalam Steel IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Newmalayalam Steel Limited |
| Industry | Steel and Metal Fabrication |
| IPO Issue Type | Book Built Issue |
| Open Date | December 19, 2024 |
| Close Date | December 23, 2024 |
| Total Issue Size | Approx ₹41.76 Crores |
| Fresh Issue | Approx ₹41.76 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹85 to ₹90 Per Share |
| Listing on | NSE |
| Lot Size | 1600 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 45.03% |
| Shares Offered to QIB | 10.02% |
| Shares Offered to HNI | 44.95% |
New Malayalam Steel IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 19, 2024 |
| IPO Close Date | December 23, 2024 |
| Basis of Allotment | December 24, 2024 |
| Refunds | December 26, 2024 |
| Credit to Demat Account | December 26, 2024 |
| IPO Listing Date | December 27, 2024 |
FAQs
What is the Current GMP for the New Malayalam Steel IPO?
The New Malayalam Steel IPO GMP is ₹- as of today.
What are the Expected Returns for New Malayalam Steel IPO?
The expected returns for New Malayalam Steel IPO are -%.
Disclaimer:
- The IPO Grey Market Premium (New Malayalam Steel IPO GMP) mentioned is applicable only for the specific date noted above.
- We do not participate in buying or selling IPO forms in the Grey Market.
- Please do not base your decision to subscribe to an IPO solely on the premium price, as it may fluctuate before the listing. Always consider the company’s fundamentals before investing.
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