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New Malayalam Steel Limited IPO
NewMalayalam Steel Limited is a prominent manufacturer of galvanized pipes, tubes, and sheets. The company operates an advanced electric resistance welding tube mill, boasting an impressive installed capacity of 3,500 metric tonnes. Situated in the scenic state of Kerala, India, this manufacturing unit is equipped with state-of-the-art technology, ensuring high-quality production and efficiency.
The company has cultivated a strong client base, including notable names such as Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited, among others. These partnerships highlight the trust and reliance industry leaders place on NewMalayalam Steele Limited's products. The company’s commitment to quality and innovation has significantly contributed to its reputation, leading to the establishment of substantial brand equity in the competitive steel market. Products are marketed under the esteemed brand name "Demac Steel," known for their durability and reliability.
Incorporated in 2017, NewMalayalam Steel Limited made strategic moves to enhance its market position. The company undertook a crucial acquisition by taking over the entire business operations of M/s Demac Steel. This acquisition included all assets and liabilities, conducted on a going concern basis, commonly referred to as the "Transfer." This strategic decision enabled NewMalayalam Steel Limited to expand its operational capabilities and product offerings, ensuring seamless continuity in production and service delivery.
Through innovation, strategic partnerships, and a commitment to excellence, NewMalayalam Steel Limited continues to strengthen its foothold in the steel industry, delivering superior products that meet the diverse needs of its clients while fostering growth and sustainability.
New Malayalam Steel IPO Overview:
- ● Total Issue Size: ₹41.76 crores
- ● Shares Offered: 46.40 lakh shares (entirely a fresh issue)
- ● Price Per Share: ₹85 to ₹90 per share
- ● Subscription Period; December 19, 2024 to December 23, 2024
- ● Minimum Lot Size: 1,600 shares
- ● Lead Managers: Khandwala Securities Limited
- ● Registrar: Kfin Technologies Limited
- ● Market Maker: Aftertrade Broking Pvt Ltd
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
New Malayalam Steel GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 90 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
New Malayalam Steel IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 46,40,000 shares (aggregating up to ₹41.76 Cr) |
| Fresh Issue | 46,40,000 shares (aggregating up to ₹ 41.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,26,47,600 shares |
| Shareholding post issue | 1,72,87,600 shares |
| Market Maker portion | 2,33,600 shares |
New Malayalam Steel IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
New Malayalam Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
New Malayalam Steel IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 10.02% of the Net Issue |
| Retail Shares Offered | Not less than 45.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 44.95% of theNet Issue |
New Malayalam Steel IPO Promoter Holding
| Share Holding Pre Issue | 99.80% |
| Share Holding Post Issue | 73.02% |
Mamata Machinery IPO Anchor Investors Details
| Bid Date | December 18, 2024 |
| Shares Offered | 2,204,202 |
| Anchor Portion Size (In Cr.) | 53.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 24, 2025 |
Competitive Strength:
- ● Widespread distribution network and presence across various retail channels.
- ● Diversified Product Basket.
- ● Brand recall and established track record.
- ● Existing client and supplier relationships.
- ● Quality Assurance and Quality Control of the products.
- ● Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- ● Cost-efficient sourcing and locational advantage.
New Malayalam Steel Limited Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 11,032.77 | 11,208.19 | 8,734.83 | 9,001.66 | ||||||||||||||||||||||||||||||||||||
| Revenue | 15,533.82 | 30,314.80 | 35,995.71 | 32,360.91 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 519.30 | 426.86 | 600.49 | 673.06 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 4,566.44 | 4,047.14 | 3,620.28 | 3,019.79 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 3,301.68 | 2,782.38 | 2,355.52 | 1,755.03 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,917.94 | 5,911.15 | 2,815.22 | 4,920.06 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| RoNW | 10.55% |
| P/BV | 2.81 |
| PAT Margin (%) | 1.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
New Malayalam Steel IPO Objectives:
-
The company proposes to utilize the Net Proceeds from the offer towards funding the following objectives:
- 1. IT / Technological Upgradation of existing manufacturing facility.
- 2. Expansion of the existing solar facility for power generation.
- 3. Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
- 4. Advertising, Marketing and Brand Building
- 5. Funding incremental working capital requirements of the Company.
- 6. Issue related expenses.
- 7. General Corporate purposes.
New Malayalam Steel IPO FAQs
-
What is the New Malayalam Steel IPO?
New Malayalam Steel IPO is a SME IPO. The company is going to raise ₹41.76 Crores via IPO. The issue is priced at ₹85 to ₹90 per equity share. The IPO is to be listed on NSE.
-
When will the New Malayalam Steel IPO open for subscription?
The IPO is to open on December 19, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 23, 2024.
-
What is the New Malayalam Steel IPO Investors Portion?
The investors’ portion for QIB is 10.02%, NII is 44.95%, and Retail is 45.03%.
-
What is the New Malayalam Steel IPO Issue Size?
New Malayalam Steel IPO issue size is ₹41.76 crores.
-
What is the New Malayalam Steel IPO Price Band?
New Malayalam Steel IPO Price Band is ₹85 to ₹90.
-
What is the New Malayalam Steel IPO Lot Size?
The minimum bid is 1600 Shares with ₹1,44,000.
-
What is the New Malayalam Steel IPO Allotment Date?
New Malayalam Steel IPO allotment date is December 24, 2024.
-
What is the New Malayalam Steel IPO Listing Date?
New Malayalam Steel IPO listing date is December 27, 2024. The IPO is to list on NSE.
-
What is the New Malayalam Steel current GMP?
The current GMP of the New Malayalam Steel is ---.
RHP:
RHP of New Malayalam Steel Limited IPO
DRHP:
DRHP of New Malayalam Steel Limited IPO
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