NewMalayalam Steel Limited

19 Dec 2024 - 23 Dec 2024 Individual Category SME NSE

Min Investment

₹144000

Price Band

₹85-₹90

Issue Size

46.4 lakhs
Equity Shares

Lot Size

1600

IPO Dates
img

19 Dec 2024

Open Date

img

23 Dec 2024

Close Date

img

24 Dec 2024

Allotment Date

img

27 Dec 2024

Listing Date

Newmalayalam Steel IPO open date is on 19 December to 23 December 2024. This new IPO is a book-built issue of 46.40 Lakh equity shares. This upcoming IPO is offering a fresh issue entirely. 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 is to be finalised on Tuesday, December 24, 2024. The minimum investment for the retail investors for 1 lot is Rs 1,44,000. The registrar for the Newmalayalam Steel IPO is Kfin Technologies Limited. The listing date is 27 December 2024.

Know Before Investing

Strengths icon

  • Newmalayalam Steel IPO: Focused on galvanized pipes tubes and sheets with advanced manufacturing capabilities.
  • Strong "Demac Steel" brand backed by a wide distribution network and diverse product range.
  • Strategic Kerala location with cost-efficient sourcing and quality assurance for regional and national markets.

Weaknesses icon

  • Newmalayalam Steel IPO: Limited market experience and smaller scale compared to established competitors.
  • Restricted manufacturing capacity and geographic concentration limit growth potential.
  • Dependence on few clients and vulnerability to economic and raw material price fluctuations.

About Newmalayalam Steel Limited

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.  

Founded

2017

Managing Director

Vazhappily Davis Varghese

Parent Organization

0

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.  

Company Promoters

Vazhappily Davis Varghese

Divyakumar Jain

Ankur Jain

Mahendra Kumar Jain

Molly Varghese

Cyriac Varghese

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account