New Malayalam Steel IPO is set to open on December 19, 2024, and will close on December 23, 2024. The New Malayalam Steel IPO is a Book Built Issue, aiming to raise approximately ₹41.76 crores. This includes a fresh issue of ₹41.76 crores and an offer for sale of up to [.] equity shares. The face value of each share is ₹10.
New Malayalam Steel IPO Price band is set between ₹85 to ₹90 per share. The quota allocation is 45.03% for Retail investors, 10.02% for Qualified Institutional Buyers (QIB), and 44.95% for Non-Institutional Investors (HNI). New Malayalam Steel IPO is scheduled to list on NSE on December 27, 2024, with the allotment announcement on December 24, 2024.
The company reported revenue of ₹303.15 crores in 2024, compared to ₹359.96 crores in 2023. It posted a Profit of ₹4.27 crores in 2024, compared to a Profit of ₹6.00 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- New Malayalam Steel IPO Details
- New Malayalam Steel IPO Market Lot
- New Malayalam Steel IPO Dates
- About New Malayalam Steel
- Promoters of New Malayalam Steel
- New Malayalam Steel IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- New Malayalam Steel IPO GMP (Grey Market Premium)
- New Malayalam Steel Subscription Status
- New Malayalam Steel Allotment Status
- IPO Registrar
- IPO Lead Managers
- New Malayalam Steel Contact
- FAQs
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 Market Lot
New Malayalam Steel IPO has a minimum lot size of 1600 shares, with an amount of ₹1,44,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,88,000 |
New Malayalam Steel IPO Dates
New Malayalam Steel IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment will be announced on December 24, 2024, and the IPO will be listed on December 27, 2024.
| 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 |
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:
- Shop Branding
- Bus advertisements
- Metro station advertisements
- Hoarding displays
- Newspaper advertisements
Promoters of New Malayalam Steel
- MR. Vazhappily Davis Varghese
- Ms. Divyakumar Jain
- MR. Ankur Jain
New Malayalam Steel IPO Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 11,032.77 | 11,208.19 | 8,734.83 | 9,001.66 |
| Revenue | 15,533.82 | 30,314.80 | 35,995.71 | 32,360.91 |
| Profit After Tax | 519.30 | 426.86 | 600.49 | 673.06 |
| Net Worth | 4,566.44 | 4,047.14 | 3,620.28 | 3,019.79 |
| Reserves and Surplus | 3,301.68 | 2,782.38 | 2,355.52 | 1,755.03 |
| Total Borrowing | 3,917.94 | 5,911.15 | 2,815.22 | 4,920.06 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| EBITDA Margin | 3.39% |
| PAT Margin | 1.41% |
| Debt to equity ratio | NA |
| Earning Per Share (EPS) | ₹3.38 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 10.55% |
| Net Asset Value (NAV) | ₹32.00 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Apollo Pipes Limited | 26.4 | 59.1 | 15.70% | 103.93 | 13,858.81 Cr. |
| Hariom Pipe Industries Steels | 20.4 | 32.8 | 12.24% | 149.72 | 1,153.17 Cr. |
Objective of the Issue
- Upgrading the existing manufacturing facility with advanced IT and technological solutions.
- Expanding the current solar power generation facility.
- Financing the civil construction of a new factory shed and storage facility within the existing premises in Kerala.
- Allocating funds for advertising, marketing, and brand-building initiatives.
- Meeting the incremental working capital needs of the company.
- Covering expenses related to the issue.
- Allocating resources for general corporate purposes.
New Malayalam Steel IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of New Malayalam Steel, please visit the IPO GMP page.
New Malayalam Steel Subscription Status
This IPO subscription kicks off on December 19, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
New Malayalam Steel Allotment Status
To check the New Malayalam Steel IPO allotment status, visit the IPO register website Kfin Tech or go to the IPO Allotment page.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 4067162222
E-mail: nmsl.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Managers
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: ipo@kslindia.com
Website: www.kslindia.com
New Malayalam Steel Contact
NEWMALAYALAM STEEL LIMITED
Door No. 2/546/A & 2/546/B Mala, Pallipuram PO,
Mala, Thrissur – 680 732, Kerala, India
Phone: +91 703 421 2002
E-mail: info@demacsteel.com
Website:www.demacsteel.com
FAQs
What is a New Malayalam Steel IPO?
New Malayalam Steel’s IPO is an SME public offering through which the company aims to raise ₹41.76 crores. The issue price is set between ₹85 and ₹90 per equity share, and the IPO will be listed on the NSE.
When will New Malayalam Steel’s IPO open for subscription?
The IPO will open for subscription on December 19, 2024, for QIB, NII, and Retail Investors, and will close on December 23, 2024.
What is the allocation for New Malayalam Steel’s IPO investors?
The investor allocation is divided as follows: 10.02% for Qualified Institutional Buyers (QIB), 44.95% for Non-Institutional Investors (NII), and 45.03% for Retail Investors.
How can you apply for the New Malayalam Steel’s IPO?
You can apply for the New Malayalam Steel’s IPO online through the ASBA facility via your bank account. Alternatively, you can apply via UPI through your stockbroker’s platform or submit an offline application form through your stockbroker.
What is the issue size of New Malayalam Steel’s IPO?
The total issue size of the New Malayalam Steel’s IPO is ₹41.76 crores.
Note: New Malayalam Steel’s IPO price band and date have been officially announced. New Malayalam Steel’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
Stay updated with the latest IPO news on Bapukhabar. Explore key pages like IPO GMP for the latest (Grey Market Premium) GMP on IPO, IPO Listing for recent and upcoming listings on NSE & BSE, IPO Subscription for real-time subscription data, IPO Allotment to check your allotment status, IPO Forms for application details, and SME IPO for updates on Small and Medium Enterprise IPOs.
Follow us on Instagram, Facebook, and Twitter for instant updates and more!
