What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Newmalayalam Steel Limited IPO?

Based on the upper price band of ₹90 and current GMP of ₹30, the estimated listing price is ₹120 (approx. 33.3% gain).

What is the expected profit per lot for Newmalayalam Steel Limited IPO?

With a lot size of 1600 shares and current GMP of ₹30, expected profit per retail application lot is approximately ₹48,000.

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Grey Market Intelligence

Newmalayalam Steel Limited

ListedSME

Metals & 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

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

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Newmalayalam Steel Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹30+33.3%

Issue Price (Upper)

₹90

Band: ₹85 – ₹90

Estimated Listing Price

₹120

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,44,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹30	33.3%	₹120
30 Oct 2026	+₹30	33.3%	₹120
29 Oct 2026	+₹27	30.0%	₹117

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Newmalayalam Steel Limited IPO GMP today?

The latest grey market premium for Newmalayalam Steel Limited IPO is ₹30, which indicates an expected listing price of ₹120.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.