Newmalayalam Steel Limited
ListedSMEMetals & Alloys · NSE
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.
Price Band
₹85 – ₹90
Issue Size
₹41.76 Cr
Lot Size
1600 shares
GMP
₹30
+33.3%
Est. Listing
₹120
at current GMP
Subscribed
50.74x
overall
Open
19 Dec 2024
Close
23 Dec 2024
Allotment
24 Dec 2024
Refund
25 Dec 2024
Demat Credit
26 Dec 2024
Listing
27 Dec 2024
Last updated 12 days ago
Official Registrar Verification
Newmalayalam Steel Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
24 Dec 2024
Basis finalization
Refunds Initiate
25 Dec 2024
Mandate release
Demat Credit
26 Dec 2024
Shares in demat
Listing Debut
27 Dec 2024
Trading begins
How to Check Newmalayalam Steel Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Newmalayalam Steel Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Newmalayalam Steel Limited Public Issue & Market Profile
Newmalayalam Steel Limited is bringing an initial public offering (IPO) in the Metals & Alloys sector with an aggregate issue size of ₹41.76 Crores. The shares are offered at a price band of ₹85 to ₹90 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-12-26, while un-allotted funds or UPI block mandates will be released on 2024-12-25.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.