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
Overall Subscription
50.74x
Total Demand
QIB Multiplier
1.26x
Institutions & Funds
NII / HNI
24.74x
High Net-Worth
Retail (RII)
87.71x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 441,600 | 558,400 | 1.26x |
| NIB | 1,980,800 | 49,014,400 | 24.74x |
| RETAIL | 1,984,000 | 174,012,800 | 87.71x |
| Total | 4,406,400 | 223,585,600 | 50.74x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 12 | 0.00x |
| NIB | — | 8,591 | 0.00x |
| RETAIL | — | 108,758 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 (GMP) for Newmalayalam Steel Limited IPO is ₹30 per equity share. Based on the upper price band of ₹85 to ₹90 per equity share, the estimated listing price is ₹120 (+33.3% expected listing 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, the expected profit per application lot is approx ₹48,000 (+33.3% gain). Minimum application cost is approx ₹1,44,000.
What is the issue size and price band for Newmalayalam Steel Limited IPO?
The Newmalayalam Steel Limited IPO aggregate issue size is ₹41.76 Crores with an equity price band set at ₹85 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.
How can I check Newmalayalam Steel Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 50.74x (Retail: 87.71x, QIB: 1.26x, NII: 24.74x). You can track live multiples directly on our dedicated subscription page.
Where and when will Newmalayalam Steel Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-12-24. Investors can verify status using PAN card or application number.
When is the listing date for Newmalayalam Steel Limited IPO?
Newmalayalam Steel Limited shares are scheduled to list on NSE on 2024-12-27.