Newmalayalam Steel IPO
smelistedAbout the company
Incorporated in 2017, Newmalayalam Steel Limited took over the business of M/s. Demac Steel for ₹532.39 lakhs, paid via 53,238 equity shares and ₹938 by cheque. The company manufacture galvanized pipes, tubes, and sheets, primarily serving Kerala’s construction industry. In 2018, it installed a 3,500 MT tube mill and increased capacity to 4,000 MT in 2019. Its products, known for durability and rust resistance, are in constant demand due to Kerala's challenging weather. Its promoters, including Vazhappily Davis Varghese, have been key to expanding the business.
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed19 Dec 2024Bidding starts for all investor categories
IPO Closes
Completed23 Dec 2024Last day to place your bid
Basis of Allotment
Completed24 Dec 2024Share allotment finalised
Refund Initiation
Completed26 Dec 2024Refunds credited for non-allottees
Credit to Demat
Completed26 Dec 2024Allotted shares credited to demat account
Listing on Exchange
Completed27 Dec 2024Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹144,000 | 1 | ₹144,000 | 1 lot only |
| HNI | 2 | 3200 | ₹288,000 | 2 | ₹288,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,342,857 | 20.5 | 0 | 0.00x | 100% |
| NII | 15% | 702,857 | 6.15 | 0 | 0.00x | 100% |
| Retail | 35% | 1,640,000 | 14.35 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
