IPO Trending
NMSTEELSME / NSEListed
Newmalayalam Steel

NewMalayalam Steel Limited, incorporated in 2017, specializes in manufacturing galvanized pipes, tubes, and sheets, operating an electric resistance welding (ERW) tube mill with an installed capacity of 3,500 MT at its manufacturing unit in Kerala, India. The company markets its products under the brand name "Demac Steel," leveraging its strong reputation to build significant brand equity. Its clientele includes prominent firms such as Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited. The company began operations by taking over the entire business of M/s Demac Steel, including all assets and liabilities, on a going concern basis, ensuring continuity and growth under its current structure.

₹85 - ₹9050.74x sub
Listed Price₹90.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open19 Dec 2024
Close23 Dec 2024
Allotment24 Dec 2024
Listing27 Dec 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB4,41,600 shares
10.02%
HNI19,80,800 shares
44.95%
Retail19,84,000 shares
45.03%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,44,000
HNI2 Lots (3,200 shares)
₹2,88,000

Company Promoters

Vazhappily Davis VargheseDivyakumar JainAnkur JainMahendra Kumar JainMolly VargheseCyriac Varghese

Company Background

NewMalayalam Steel Limited, incorporated in 2017, specializes in manufacturing galvanized pipes, tubes, and sheets, operating an electric resistance welding (ERW) tube mill with an installed capacity of 3,500 MT at its manufacturing unit in Kerala, India. The company markets its products under the brand name "Demac Steel," leveraging its strong reputation to...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-24 )₹15534 Cr
Growth-52.0%
Revenue Trend (₹ in Crores)
0.013.8k27.6k41.4kMar-22Mar-23 Mar-24 Sep-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-24 15,53451911,0333,918
Mar-24 30,31542711,2085,911
Mar-23 35,9966008,7352,815
Mar-2232,3616739,0024,920

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-24 4.1111.37%17.19%014.98
Mar-24 3.3810.55%17.60%26.6726.67
Mar-234.7516.59%21.74%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
24 Dec 2024
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
27 Dec 2024

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Newmalayalam Steel. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization24 Dec 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date27 Dec 2024Trading commences on exchange

How to Check Newmalayalam Steel Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Newmalayalam Steel from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Newmalayalam Steel IPO

Complete issue overview for Newmalayalam Steel (NMSTEEL) IPO. The issue features an equity share price band of ₹85 – ₹90 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,44,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions