Newmalayalam Steel IPO Details: Key Information You Need to Know

The much-awaited Newmalayalam Steel IPO is set to hit the market soon, offering investors an exciting opportunity to participate in the growth of a prominent player in the steel manufacturing industry. If you’re looking to invest in the New malayalam Steel IPO, here’s everything you need to know, including the bidding dates, price range, lot size, and financial details.

Newmalayalam Steel IPO Overview

• IPO Open Date: December 19, 2024
• IPO Close Date: December 23, 2024
• Listing Date: December 27, 2024
• Face Value: ₹10 per share
• Price Band: ₹85 to ₹90 per share
• Lot Size: 1,600 shares
• Total Issue Size: ₹41.76 Crore
• Listing at: NSE SME
• Market Maker Portion: 2,33,600 shares

Also Read: United Heat Transfer IPO Review: Should You Apply?

About Newmalayalam Steel

Founded in 2017, Newmalayalam Steel has made its mark as a leading manufacturer of galvanised pipes, tubes, and sheets. The company’s products are primarily used for household roofing solutions to reduce heat and prevent leakage. Beyond residential applications, Newmalayalam Steel serves various industries including building construction, architecture, automobiles, solar panel frames, interior design, and furniture.

The company’s extensive product portfolio includes:

• GP Pipes
• GI Pipes
• Coils and Sheets
• Slits
• Scrap and Rejected Pipes

With a vision to revolutionise the steel industry, Newmalayalam Steel continues to expand its product offerings while ensuring the highest quality standards.

Newmalayalam Steel IPO Financials

Newmalayalam Steel has shown steady growth in its financial performance, despite facing challenges in the past year. Here are some key financial highlights:

Despite a slight decline in revenue and profit in 2024, the company’s strong presence in the steel manufacturing market and diversified customer base indicate promising potential for future growth.

Also Read: Mamata Machinery IPO: A Comprehensive Guide to Investing in December 2024

Mamata Machinery IPO Lot Size and Investment Details

For the New malayalam Steel IPO, investors can bid for a minimum of 1,600 shares. The IPO is priced between ₹85 to ₹90 per share, with the minimum investment requirement being ₹1,44,000 for retail investors.

Here’s a breakdown of the lot size and investment for different categories of investors:

Key Performance Indicators (KPI)

As of March 31, 2024, Newmalayalam Steel’s market capitalization stands at ₹155.59 Crore. Below are some key performance indicators (KPIs) that investors should note before applying:

These KPIs indicate a steady and reliable business model with strong return on equity and capital employed, although the profit margins are on the lower side.

Newmalayalam Steel IPO: Important Dates

Here are the important dates for the Newmalayalam Steel IPO that investors should keep in mind:

Newmalayalam Steel IPO Promoter Holding

The Newmalayalam Steel IPO comes with the following promoter holding structure:

• Pre-Issue Shareholding: 99.80%
• Post-Issue Shareholding: 73.02%

The company’s promoters include Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese, and Cyriac Varghese.

How to Apply for the Newmalayalam Steel IPO?

To apply for the Newmalayalam Steel IPO, investors can use the following methods:

• UPI-based applications: Via your bank’s net banking platform.
• ASBA applications: Through designated banks and brokers.
• Through brokers: If you have a trading account with a registered broker.

Newmalayalam Steel IPO Registrar

The registrar for the Newmalayalam Steel IPO is Kfin Technologies Limited, and you can contact them for any queries or to check the status of your application.

• Phone: 04067162222, 04079611000
• Email: Click here to contact
• Website: Kfin Technologies

Conclusion

The Newmalayalam Steel IPO presents an exciting investment opportunity for those looking to invest in the manufacturing sector, particularly in the steel and construction industries. With a solid product portfolio, consistent revenue, and a reliable market presence, Newmalayalam Steel is poised for future growth. However, as with any investment, it’s essential to weigh the company’s financials, market trends, and potential risks before applying.

If you’re ready to invest, make sure to mark the IPO dates and get your applications in before December 23, 2024!

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