Listed Price₹90.00
Listing Gain+0.00%
Price Band₹85 - ₹90
Lot Size1,600 shares
Min Bid₹1,44,000
Subscription50.74x
Listed Market Snapshot
₹90.00Listed price from market data
+0.00%listing gain
Issue Amount
₹41.76 Cr
Listed Price
₹90.00
Current Price
₹24
Registrar
Kfin Technologies Limited
Timeline•Bookbuilding IPO
Open19 Dec 2024
Close23 Dec 2024
Allotment24 Dec 2024
Listing27 Dec 2024
Quota Reservation Portions
QIBPortion: 4,41,600 shares
10.02%HNIPortion: 19,80,800 shares
44.95%RetailPortion: 19,84,000 shares
45.03%Minimum Application Bracket Matrix
Retail1 lots / 1,600 shares
₹1,44,000HNI2 lots / 3,200 shares
₹2,88,000About the Company
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.
Company Promoters
Vazhappily Davis VargheseDivyakumar JainAnkur JainMahendra Kumar JainMolly VargheseCyriac Varghese