New Malayalam Steel IPO subscription status started on Thursday, December 19, 2024, and will close on December 23, 2024. The IPO aims to raise approximately ₹41.76 crores through public issuance. The allocation for investor categories includes 45.03% for Retail Investors, 10.02% for Qualified Institutional Buyers (QIBs), and 44.95% for Non-Institutional Investors (NII). The price band is set at ₹85 to ₹90 per equity share, offering an opportunity for investors to participate in this anticipated offering.
The New Malayalam Steel IPO requires a minimum market lot of 1,600 shares, amounting to an application value of ₹1,44,000. This IPO is classified as a SME IPO and will be listed on the NSE.
About New Malayalam Steel
In 2018, New Malayalam Steel enhanced its operations by establishing an additional electric resistance welding (ERW) tube mill with a production capacity of 3,500 MT at its manufacturing facility in Thrissur, Kerala. This strategic initiative allowed the company to diversify its offerings, introducing galvanized pipes, tubes, and sheets that have become essential for households in Kerala. These galvanized products play a vital role in roofing, providing benefits such as heat reduction and leak prevention.
In 2019, responding to rising demand and aiming to solidify its market presence, the company further expanded its manufacturing capacity by adding another ERW tube mill with an installed capacity of 4,000 MT. By 30 September 2024, New Malayalam Steel employed 140 full-time staff.
To promote its products, the company employs a robust marketing and branding strategy, utilizing diverse channels, including:
- Newspaper advertisements
- Shop Branding
- Bus advertisements
- Metro station advertisements
- Hoarding displays
GMP on IPO of New Malayalam Steel
For the latest updates on New Malayalam Steel IPO Grey Market Premium (GMP) and GMP of IPOs, please visit our IPO GMP Page. Stay informed on premium trends and investor interest before making your investment decision.
BapuKhabar View on New Malayalam Steel
We recommend investors consider applying for this IPO with a Long-Term Perspective, as it holds potential for growth in the coming years. However, before committing, it’s wise to review the QIB, NII, and Retail subscription numbers.
New Malayalam Steel IPO Subscription Status (Day Wise)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.06 | 1.06 | 1.26 |
| NII | 0.44 | 13.13 | 24.63 |
| RII | 4.62 | 11.64 | 87.70 |
| Total | 2.38 | 5.86 | 50.69 |
Investor Insights
Employee Category (EMP): Reserved specifically for eligible employees, providing an opportunity to invest at the IPO price.
Qualified Institutional Buyers (QIB): Typically larger institutions, including mutual funds and banks, this category has shown [interest level, e.g., strong demand].
Non-Institutional Investors (NII): Includes corporate bodies and HNIs who often bid for a significant portion.
Retail Individual Investors (RII): Subscription levels in this category reflect the enthusiasm of individual retail investors.
New Malayalam Steel IPO Review and Rating
- Recommendation: Apply
- Rating: ★★★★☆ (4/5)
New Malayalam Steel IPO Forms
How to apply for the New Malayalam Steel IPO?
You can apply for the New Malayalam Steel IPO through the ASBA option available in your bank account. Simply log in to your online banking, navigate to the Invest section, and select the New Malayalam Steel IPO to apply directly. Alternatively, you can apply using IPO forms downloaded online. Download the blank New Malayalam Steel IPO forms, fill them out, and submit them at your bank or through your broker.
FAQs
When will the New Malayalam Steel IPO Subscription Start?
The IPO subscription starts on December 19, 2024 for QIB, NII, and Retail Investors.
How to Subscribe to the IPO?
You can subscribe via ASBA or non-ASBA options. Log in to your bank account and apply for the IPO through ASBA, or download the IPO application form, fill it out, and submit it to your broker or bank.
How Can I Check Live New Malayalam Steel IPO Subscription Numbers Today?
Visit our portal for live IPO subscription updates, which we refresh hourly from official sources. You can also check live subscription data on the official websites associated with the IPO.
How to Apply for the IPO through Zerodha?
- Log in to your Zerodha account (website or app).
- Go to Portfolio and select IPO.
- Select the IPO name and click on the Bid button.
- Enter your UPI ID, quantity, and price, then submit the application.
- Approve the mandate in your UPI app or Net Banking/BHIM App.
How to Apply for the IPO through Upstox?
- Log in to your Upstox account.
- Select the IPO name and click on Bid.
- Confirm your application and go to your UPI app or Net Banking/BHIM App to approve the mandate.
How to Apply for the IPO through Paytm Money?
- Log in to Paytm Money and select the IPO name.
- Click on the Bid button and confirm your application.
- Approve the mandate through your UPI app or Net Banking/BHIM App.
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