New Malayalam Steel IPO Details: The New Malayalam Steel IPO will open on December 19, 2024, and close on December 23, 2024. This is a Book Built Issue through which the company aims to raise approximately ₹41.76 crores. The IPO consists of a fresh issue of ₹41.76 crores and an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The price band for the New Malayalam Steel IPO is ₹85 to ₹90 per share. The retail quota is 45.03%, the QIB (Qualified Institutional Buyers) quota is 10.02%, and the HNI (High Net-Worth Individual) quota is 44.95%. The IPO is expected to list on the NSE on December 27, 2024, with the allotment date scheduled for December 24, 2024.
In its financials, the company reported a revenue of ₹303.15 crores for 2024, a decrease from ₹359.96 crores in 2023. The company’s profit for 2024 stood at ₹4.27 crores, compared to ₹6.00 crores in 2023. Given these figures, it is advisable for investors to consider applying for the IPO with a long-term investment perspective.
New Malayalam Steel IPO Objectives:
The proceeds from the IPO will be used for the following purposes:
- Technological upgradation of the existing manufacturing facility.
- Expansion of the current solar facility for enhanced power generation.
- Funding the civil construction of a new factory shed and storage facility within the existing premises in Kerala.
- Advertising, marketing, and brand-building activities.
- Meeting the incremental working capital requirements of the company.
- Covering issue-related expenses.
- General corporate purposes.
New Malayalam Steel IPO Review (Apply or Not)
- May Apply
New Malayalam Steel IPO Date & Price Band Details:
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Share |
| Issue Size: | Approx ₹41.76 Crores |
| Fresh Issue: | Approx ₹41.76 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 45.03% |
| QIB Quota: | Not more than 10.02% |
| NII Quota: | Not more than 44.95% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
New Malayalam Steel IPO Lot Size:
The minimum market lot for the New Malayalam Steel IPO is 1,600 shares, with an application amount of ₹1,44,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,88,000 |
New Malayalam Steel IPO Timeline:
The New Malayalam Steel IPO will open on December 19 and close on December 23. The IPO allotment will be finalized on December 24, with the listing scheduled for December 27.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
New Malayalam Steel IPO GMP Today:
The latest Grey Market Premium (GMP) for the New Malayalam Steel SME IPO is ₹30. With a price band of ₹90, the estimated listing price for the IPO is ₹120 (cap price + today’s GMP). This reflects an expected gain of 33.33% per share.
Promoters of New Malayalam Steel IPO
The promoters of the company are Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese And Cyriac Varghese.
About New Malayalam Steel IPO
New Malayalam Steel is one of the leading companies in the manufacture and supplier of steel tubes and pipes, founded in 2017. Owing to a wide range of steel products for different industries and contraction needs they are popular among the world. Moreover, they achieve customer satisfaction and build strong relationships with them by providing galvanized or black steel and having tubes and pipes in different sizes, wall thicknesses, and specifications. Further, in-depth knowledge and market research of the steel industry assists them in building a brand reputation for “Demac Steel”. They reduce operational costs by efficient manufacturing processes and supply chain management. In 2019, to keep up with increasing demand and enhance its position in the market, the company boosted its manufacturing capacity by adding a new electric resistance welding tube mill. The company promotes its products through different methods, such as Shop branding, Bus ads, Ads at metro stations, Billboard displays, and Newspaper ads.
New Malayalam Steel IPO Company Financial Report
The company reported revenue of ₹303.15 crores in 2024 against ₹359.96 crore in 2023. The company reported Profit of ₹4.27 crores in 2024 against Profit of ₹6.00 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹323.61 | ₹314.56 | ₹6.73 | ₹90.02 |
| 2023 | ₹359.96 | ₹351.91 | ₹6.00 | ₹87.35 |
| 2024 | ₹303.15 | ₹297.48 | ₹4.27 | ₹112.08 |
| September 2024 | ₹155.34 | ₹148.37 | ₹5.19 | ₹110.33 |
New Malayalam Steel IPO Valuation – FY2024
Check New Malayalam Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.55% |
| ROCE: | 17.60 |
| EBITDA Margin: | 3.39% |
| PAT Margin: | 1.41% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹3.38 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.55% |
| Net Asset Value (NAV): | ₹32.00 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Apollo Pipes Limited | 26.4 | 59.1 | 15.70% | 103.93 | 13,858.81 Cr. |
| Hariom Pipe Industries Steels | 20.4 | 32.8 | 12.24% | 149.72 | 1,153.17 Cr. |
New Malayalam Steel IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail:
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- Khandwala Securities Limited
Company Address
New Malayalam Steel Limited
Door No. 2/546/A &
2/546/B Mala,
Pallipuram P O,
Mala, Thrissur – 680732,
Kerala, India
Phone: +91 703 421 2002;
E-mail: info@demacsteel.com;
Website: www.demacsteel.com
New Malayalam Steel IPO FAQs
What is the New Malayalam Steel IPO?
The New Malayalam Steel IPO is an SME IPO through which the company aims to raise ₹41.76 crores. The issue price is set between ₹85 and ₹90 per equity share. The IPO will be listed on the NSE.
When will the New Malayalam Steel IPO open for subscription?
The New Malayalam Steel IPO will open for subscription on December 19, 2024, for QIB, NII, and retail investors. The subscription period will close on December 23, 2024.
What is the investor portion for the New Malayalam Steel IPO?
The allocation for investors is as follows:
- QIB (Qualified Institutional Buyers): 10.02%
- NII (Non-Institutional Investors): 44.95%
- Retail Investors: 45.03%
How can I apply for the New Malayalam Steel IPO?
You can apply for the New Malayalam Steel IPO online via ASBA through your bank account. Alternatively, you can apply via UPI through your stock broker or fill out an offline form through your stock broker.
What is the issue size of the New Malayalam Steel IPO?
The issue size of the New Malayalam Steel IPO is ₹41.76 crores.
What is the price band for the New Malayalam Steel IPO?
The price band for the New Malayalam Steel IPO is ₹85 to ₹90 per equity share.
What is the lot size for the New Malayalam Steel IPO?
The minimum lot size for the New Malayalam Steel IPO is 1,600 shares, with an application amount of ₹1,44,000.
What is the allotment date for the New Malayalam Steel IPO?
The allotment date for the New Malayalam Steel IPO is December 24, 2024.
What is the listing date for the New Malayalam Steel IPO?
The New Malayalam Steel IPO is expected to list on the NSE on December 27, 2024.
