Newmalayalam Steel IPO GMP Live, Open Date, Price, Allotment Status

Newmalayalam Steel IPO open date is on 19 December to 23 December 2024. This new IPO is a book-built issue of Rs 41.76 crore. This upcoming IPO is entirely a fresh issue of Rs 46.40 lakh equity shares.

Newmalayalam Steel IPO price band is Rs 85 to Rs 90 per share. Newmalayalam Steel IPO GMP live is 14 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.

Newmalayalam Steel IPO lot size is 1600 shares. The IPO allotment status live is to be finalised on Tuesday, December 24, 2024. The minimum investment for the retail investors for 1 lot is expected to be Rs 1,44,000. The registrar for the Newmalayalam Steel IPO is Kfin Technologies Limited. The listing date is 27 December 2024.

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Newmalayalam Steel IPO GMP Live

Newmalayalam Steel IPO GMP live is Rs 14 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Newmalayalam Steel IPO GMP might rise in the coming days.

Newmalayalam Steel IPO Price Band

Newmalayalam Steel IPO price band is Rs 85 to Rs 90 per share. The minimum amount of investment for the retail category is expected to be around Rs 1,44,000. The minimum investment for the NII is Rs 2,88,000.

Newmalayalam Steel IPO Open Date, Close Date

Newmalayalam Steel IPO open date is 19 December 2024 and closing date is 23 December 2024. The initiation of the refund date is 26 December 2024, and the credit of shares will be on 26 December 2024.

Newmalayalam Steel IPO Allotment Status Live

Newmalayalam Steel IPO allotment status live will be finalised on 24 December 2024. The listing will be on the NSE SME platforms on 27 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

Newmalayalam Steel IPO Listing Date

Newmalayalam Steel IPO's listing date will be on Friday, 27 December 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Newmalayalam Steel IPO: Listing Date, Lot Size, Price Band

Newmalayalam Steel Limited: About the Company

Newmalayalam Steel Limited incorporated in 2017, manufactures 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.

Newmalayalam Steel Limited strengths are: 1) Wide distribution network and presence across various retail channels. 2) Diversified Product Line. 3) Brand recall and established track record. 4) Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality. 5) Cost-efficient sourcing and locational advantage.

Newmalayalam Steel IPO Objectives

The funds raised from Newmalayalam Steel IPO will be used for technological upgradation of existing manufacturing facilities. Expansion of existing solar facilities for power generation. Funding the expenditure of civil construction of the new factory.

Advertising, Marketing and Brand Building. Funding the incremental day-to-day capital requirements. The remaining funds will be used for general corporate purposes.

Newmalayalam Steel IPO: Key Dates, Allotment, Listing Date

Newmalayalam Steel IPO Subscription Status Live

Newmalayalam Steel IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 10.02% of the net offer is reserved. The remaining 45.03% is reserved for the retail investors and 44.95% is for Non-Institutional investors.

Newmalayalam Steel IPO Promoter Holdings

Newmalayalam Steel IPO promoters are Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese and Cyriac Varghese. The promoters' shareholdings before the IPO were 99.80%; however, after the IPO, shareholdings will decline to 73.02%.

Newmalayalam Steel Limited Company Financials

Newmalayalam Steel Limited posted revenue of Rs 15,533.82 crore and net profit of Rs 519.30 crore for the period ending on 30 Sep 2024. The company’s revenue decreased by -15.78% and PAT dropped by 28.91% between the FY ending on 31 March 2024 and 31 March 2023.

Newmalayalam Steel IPO Registrar

Newmalayalam Steel IPO registrar is Kfin Technologies Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Newmalayalam Steel IPO Lead Managers

Newmalayalam Steel IPO lead managers are Khandwala Securities Limited.

How to apply to Newmalayalam Steel IPO

Interested investors can apply to the Newmalayalam Steel IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Newmalayalam Steel IPO Review

Newmalayalam Steel IPO may get a positive response from the general public. The company is involved in the manufacturing of pipes, tubes and sheets. So, investors interested in the manufacturing sector can apply to this IPO.

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Newmalayalam Steel IPO GMP live will also rise.

Newmalayalam Steel IPO FAQ

1. What are the details of the Newmalayalam Steel IPO?

Newmalayalam Steel PO is a book-built issue of Rs 41.76 crore. This upcoming IPO is entirely a fresh issue of Rs 46.40 lakh equity shares.

2. When will the Newmalayalam Steel IPO open and close?

Newmalayalam Steel IPO open date is 19 December 2024 and closing date is 23 December 2024. The initiation of the refund date is 26 December 2024, and the credit of shares will be on 26 December 2024.

3. What is Newmalayalam Steel IPO GMP Today?

Newmalayalam Steel IPO GMP live is Rs 14 per share. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription got oversubscribed then Newmalayalam Steel IPO GMP might rise in the coming days.

4. What are the details of Newmalayalam Steel IPO Subscription Status Live?

Newmalayalam Steel IPO subscription status will be available after the IPO opens on 19 December 2024. In the QIB category 10.02% of the net offer is reserved. The remaining 45.03% is reserved for the retail investors and 44.95% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status Live?

Newmalayalam Steel IPO allotment status live will be finalised on 24 December 2024. The listing will be on the NSE SME platforms on 27 December, 2024. The registrar of this IPO is Kfin Technologies Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Newmalayalam Steel IPO?

Newmalayalam Steel IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Khandwala Securities Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?