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Newmalayalam Steel Ltd

Steel

Offer Period :

19th to 23rd Dec 2024

Newmalayalam Steel Ltd IPO Details

IPO Date 19th to 23rd Dec 2024 Minimum Investment ₹144000 / 1 Lots
Listing Date 2024-12-27 Maximum Investment ₹144000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹41.76 Crores
Price ₹90 to ₹90 per share Fresh Issue ₹41.76 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 19th to 23rd Dec 2024
Listing Date 2024-12-27
Face Value ₹10 per share
Price ₹90 to ₹90 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹144000 / 1 Lots
Maximum Investment ₹144000 / 1 Lots
Total Issue Size ₹41.76 Crores
Fresh Issue ₹41.76 Crores
Offer For Sale
Retail Discount ₹ 0

Newmalayalam Steel IPO Details

Detail

Information

Total Issue Size

₹41.76 Cr (46.40 lakh shares)

Issue Type

Book Built Issue IPO

Share Holding Pre Issue

1,26,47,600 shares

Share Holding Post Issue

1,72,87,600 shares

Newmalayalam Steel IPO Lot Size

Application

Lots

Shares

Amount (₹)

Retail (Min)

1

53

₹14,787

Retail (Max)

13

689

₹1,92,231

S-HNI (Min)

14

742

₹2,07,018

S-HNI (Max)

67

3,551

₹9,90,729

B-HNI (Min)

68

3,604

₹10,05,516

About Newmalayalam Steel Ltd

Incorporated in 2017, NewMalayalam Steel Limited is a prominent manufacturer of galvanised pipes, tubes, and sheets. The company operates an electric resistance welding tube mill with an installed capacity of 3,500 MT at its state-of-the-art manufacturing facility located in Kerala, India. Known for its commitment to quality and precision, the company markets its products under the well-recognized brand name “Demac Steel”, which has earned strong brand equity in the industry.

NewMalayalam Steel Limited has built a diverse clientele, including Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited, among others. Its competitive strengths lie in its widespread distribution network, diversified product basket, and strategically located manufacturing facility. With a strong emphasis on quality assurance and cost-efficient sourcing, the company leverages modern infrastructure and integrated manufacturing processes to deliver high-quality products efficiently. Supported by robust client and supplier relationships, NewMalayalam Steel Limited continues to strengthen its position in the steel manufacturing industry.

Timeline

Important dates for allocation and IPO listing.

19th Dec

IPO Starts

23rd Dec

IPO Ends

24th Dec

Allotment Date

26th Dec

Initiation of Refund

26th Dec

Credit of Shares to Demat Account

27th Dec

IPO Listing Date

Newmalayalam Steel IPO Timeline

Event

Date

IPO Open Date

December 19, 2024

IPO Close Date

December 23, 2024

Basis of Allotment

December 24, 2024

Initiation of Refunds

December 26, 2024

Credit of Shares to Demat

December 26, 2024

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.8 73.02
Public Group 0.2 26.98

Newmalayalam Steel Ltd IPO Reservation

QIB Shares Offered 441600(9.52%)
NII (HNI) Shares Offered 1980800(42.69%)
Retail Shares Offered 1984000(42.76%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4640000
Total Shares With Anchor Investor 4640000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Newmalayalam Steel IPO Reservation

Investor Category

Shares Offered (%)

bNII (> ₹10L)

Not less than 44.95%

sNII (< ₹10L)

Not more than 10.02%

________________________________________

Newmalayalam Steel Financial Information

Financial Metric

Value (₹ Lakhs)

Net Worth

4,566.44

Reserves and Surplus

3,301.68

Total Borrowing

3,917.94

________________________________________

Newmalayalam Steel IPO Anchor Investors Details

Anchor Investor Detail

Value

Bid Date

N/A

Shares Offered

N/A

Anchor Portion Size

N/A

________________________________________

Key Performance Indicator of Newmalayalam Steel IPO

KPI

Value

Debt/Equity

N/A

RoNW

10.55%

P/BV

2.81

Metric

Pre IPO

Post IPO

EPS (₹)

3.38

6.01

P/E (x)

26.67

14.98

Newmalayalam Steel Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 406 716 2222
Email Id nmsl.ipo@kfintech.com
Our Website www.kfintech.com

Newmalayalam Steel Ltd IPO Lead Manager

1. Khandwala Securities Ltd

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Newmalayalam Steel Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 4,41,600 4,68,800 1.0
Non Institutional Investors 22,14,400 29,42,400 670.0
Retail Individual Investors (RIIs) 19,84,000 3,01,52,000 18,845.0
Total 46,40,000 3,35,63,200 19,516.0

Strength of Newmalayalam Steel Ltd

1. Widespread distribution network and presence across various retail channels.

2. Diversified Product Basket.

3. Brand recall and established track record.

4. Existing client and supplier relationships.

5. Quality Assurance and Quality Control of our products.

6. Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.

7. Cost efficient sourcing and locational advantage.

8. Well experienced management team with proven project management and implementation skills.

Risks Involved

1. The company depend on its dealers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key intermediaries may adversely affect the company's business and results of operations.

2. Its operations have significant raw material requirements in the form of pre-galvanised coils, and the company may not be able to ensure the availability of the same for its operations at competitive prices and in a timely manner, which could have an adverse effect on its business, financial condition, results of operations and prospects.

3. The company is dependent on Jaihind Steel Private Limited, one of its Promoter Group entity for a portion of the company's revenue and business. The company also purchase raw materials from Jaihind Steel Private Limited and are dependent on it for part of its raw materials requirements. In the event, of loss of business from such Promoter Group entity or delay in receiving raw materials, its business and results of operations could be adversely affected.

4. Its manufacturing unit and the company's operations are geographically concentrated in Kerala. Consequently, the company is exposed to risks from economic, regulatory and other developments in the eastern region which could have an adverse effect on its business, results of operations and financial condition. Further, its continued operations are critical to the company's business and any shutdown of its manufacturing unit may adversely affect the company's business, results of operations and financial condition.

5. The steel industry is highly cyclical and a decrease in steel prices may have an adverse effect on the Company's results of operations.

6. Due to the seasonal nature of the industry the company operates in, its may not be able to achieve complete utilisation of the manufacturing unit, which in turn could materially and adversely affect its business, prospects, financial condition and results of operation.

7. The company is dependent on its manufacturing unit, and any loss, or shutdown, or under- utilization of the production capacities of its manufacturing unit may have an adverse effect on its business, financial condition and results of operations.

8. Manufacturing of steel involve hazardous processes that can cause personal injury and loss of life, severe damage to and destruction of property and equipment, which could result in incurring material liabilities, loss of revenues and increased expenses.

9. The company has experienced growth in the previous years on account of expansion in dealer base and increased production capacities of its manufacturing unit, which may not recur in the future and accordingly, its revenues may decline and the company may be unable to sustain its profitability and thus, the company historical financials as included in this Red Herring Prospectus may not be comparable for future results.

10. Its Group Companies may have conflict of interest with it as they are engaged in similar industry segment and may compete with the company. Further, any conflict of interest which may occur between its business and any other similar business activities pursued by its Promoters and Directors could have a material adverse effect on its business and results of operations.

Why should you invest in

-

Industry Outlook of Newmalayalam Steel IPO

  • Growing Demand for Galvanized Steel Products

    The galvanized steel industry is witnessing increasing demand due to its applications in construction, infrastructure, and manufacturing. Rising investments in infrastructure projects are driving growth in this sector.

  • Focus on Sustainable and Cost-Effective Solutions

    Companies in this sector are increasingly focusing on sustainable practices and cost-efficient production methods, such as solar energy utilization, to meet environmental and economic goals.

  • Expanding Infrastructure Development

    Governments and private sectors are investing in large-scale infrastructure projects, including roads, bridges, and urban development, creating a steady demand for galvanized steel products.

  • Competitive and Fragmented Market

    The industry is highly competitive, with numerous players offering similar products. This pushes companies to enhance quality, improve operational efficiency, and adopt better distribution strategies.

  • Potential Export Opportunities

    Emerging markets in Asia and Africa provide opportunities for exporting galvanized steel products, helping companies expand beyond domestic markets.

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Newmalayalam Steel Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-12-27 93014 NMSTEEL
INE0TP801012
₹90 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹90 ₹90
Open ₹0 ₹90
Low ₹0 ₹85.5
High ₹0 ₹90
Low ₹0 ₹85.5

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Newmalayalam Steel IPO.

Newmalayalam Steel IPO Contact Details

Field

Details

Company Name

Newmalayalam Steel Limited

Address

Door No. 2/546/A & 2/546/B Mala, Pallipuram P O, Mala, Thrissur, 680 732, Kerala

Phone

+91 703 421 2002

Email

info@demacsteel.com

Website

demacsteel.com

Frequently Asked Questions

What is Newmalayalam Steel Ltd IPO?

Answer Field

Newmalayalam Steel Ltd IPO is a SME IPO of 46,40,000 equity shares of a face value of ₹10 aggregating up to ₹41.76 Crores. The issue is priced at ₹90 to ₹90 per share. The minimum order quantity is 1600 Shares. The IPO opens on December 19, 2024, and closes on December 23, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Newmalayalam Steel Ltd IPO will open?

Answer Field

The Newmalayalam Steel Ltd IPO opens on December 19, 2024 and closes on December 23, 2024.

What is the lot size of Newmalayalam Steel Ltd?

Answer Field

Newmalayalam Steel Ltd lot size is 1600 shares, and the minimum amount required is ₹1,44,000.

How to apply for Newmalayalam Steel Ltd IPO?

Answer Field

You can apply in Newmalayalam Steel Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Newmalayalam Steel Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Newmalayalam Steel Ltd IPO will be done on December 24, 2024, and the allotted shares will be credited to your demat account by December 26, 2024.

When is Newmalayalam Steel Ltd IPO listing date?

Answer Field

The Newmalayalam Steel Ltd listing date is December 27, 2024.

Who is the registrar of Newmalayalam Steel Ltd IPO?

Answer Field

The registrar of Newmalayalam Steel Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Khandwala Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Newmalayalam Steel Ltd IPO?

Answer Field

The fresh issue size is ₹41.76 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Newmalayalam Steel Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,44,000 amount.

How can I approve the UPI mandate request for Newmalayalam Steel Ltd IPO?

Answer Field

To apply for Newmalayalam Steel Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Newmalayalam Steel Ltd?

Answer Field

The price of each Newmalayalam Steel Ltd share will be ranging in between ₹90 to ₹90 per share.

What is the cut-off time for the UPI mandate for Newmalayalam Steel Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 23, 2024.

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