Newmalayalam Steel IPO
IPO Listing Details
- Listing Date
27 Dec 2024
- Listing Price
₹ 90.00
- Listing Change
0.00%
- Last Traded Price
₹ 85.50
IPO Details
- Open Date
19 Dec 2024
- Close Date
23 Dec 2024
- IPO Price Range
₹ 85 - ₹ 90
- IPO Size
₹ 41.76 Cr
- Listing Exchange
NSE SME
- Listing Date
27 Dec 2024
IPO Timeline
Newmalayalam Steel IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Dec-24 | 1.06 | 0.44 | 4.62 | 2.38 |
| 20-Dec-24 | 1.06 | 1.12 | 11.56 | 5.82 |
| 23-Dec-24 | 1.26 | 24.63 | 87.7 | 50.69 |
Last Updated: 23 December 2024 6:05 PM by 5Paisa
Newmalayalam Steel IPO is set to open on 19 December 2024 and will close on 23 December 2024. Newmalayalam Steel manufactures galvanized pipes, tubes, and sheets under the brand "Demac Steel."
The IPO is entirely a fresh issue of 0.46 Cr shares aggregating to ₹41.76 Cr . The price range is set at ₹85 to ₹90 per share and the lot size is 1,600 shares.
The allotment is scheduled to be finalised on 24 December 2024. It will go public on NSE SME, with a tentative listing date of 27 December 2024.
Khandwala Securities Ltd is the book running lead manager, while Kfin Technologies Ltd is the registrar.
Newmalayalam Steel IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹41.76 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹41.76 Cr. |
Newmalayalam Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3200 | ₹272,000 |
Newmalayalam Steel IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 1.26 | 4,41,600 | 5,58,400 | 5.03 |
| NII (HNI) | 24.63 | 19,80,800 | 4,87,80,800 | 439.03 |
| Retail | 87.7 | 19,84,000 | 17,40,01,600 | 1,566.01 |
| Total** | 50.69 | 44,06,400 | 22,33,40,800 | 2,010.07 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
1. Upgrading IT and manufacturing facilities
2. Expanding the solar power generation unit
3. Constructing a new factory shed/storage in Kerala
4. Advertising, marketing, and brand building
5. Meeting working capital needs
6. Covering issue-related expenses
7. General corporate purposes
Newmalayalam Steel Limited manufactures galvanized pipes, tubes, and sheets under the brand "Demac Steel." With a 3,500 MT capacity plant in Kerala, it boasts strong client relationships, diversified products, a widespread distribution network, modern facilities, and a focus on quality, ensuring cost-efficient production and brand equity.
Established in: 2017
Managing Director: Varghese Vazhappily Davis
Peers
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 323.61 | 359.96 | 303.15 |
| EBITDA | 13.03 | 12.24 | 10.27 |
| PAT | 6.73 | 6.00 | 4.27 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 90.02 | 87.35 | 112.08 |
| Share Capital | 12.65 | 12.65 | 12.65 |
| Total Borrowings | 49.20 | 28.15 | 59.11 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -6.28 | 31.09 | -21.31 |
| Net Cash Generated From / (used in) investing activities | -37.77 | -0.62 | -0.63 |
| Net Cash Generated From / (used in) financing activities | 10.13 | -23.78 | 27.91 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.07 | 6.69 | 5.98 |
Strengths
1. Strong brand equity with established recall in the "Demac Steel" market.
2. Strategically located manufacturing facilities ensuring efficient logistics and reduced costs.
3. Diversified product portfolio catering to varied customer needs and market demands.
4. Robust client relationships with renowned companies, ensuring stable demand and repeat business.
Risks
1. Dependence on a single manufacturing unit limits scalability and geographical expansion.
2. Exposure to raw material price volatility affecting production costs and profit margins.
3. High competition in the steel industry impacts pricing and market share growth.
4. Limited presence in international markets reduces global expansion opportunities.
5. Reliance on key clients could pose risks during economic downturns or client loss.
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FAQs
Newmalayalam Steel IPO opens from 19 December to 23 December 2024.
The size of Newmalayalam Steel IPO is ₹41.76 Cr.
The price of Newmalayalam Steel IPO is fixed at ₹85 to ₹90 per share.
To apply for Newmalayalam Steel IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Newmalayalam Steel IPO.
● 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.
The minimum lot size of Newmalayalam Steel IPO is 1,600 shares and the investment required is ₹136,000.
The share allotment date of Newmalayalam Steel IPO is 24 December 2024
The Newmalayalam Steel IPO will be listed on 27 December 2024.
Khandwala Securities Ltd is the book running lead managers for Newmalayalam Steel IPO.
Newmalayalam Steel plans to utilise the raised capital from the IPO for:
1. Upgrading IT and manufacturing facilities
2. Expanding the solar power generation unit
3. Constructing a new factory shed/storage in Kerala
4. Advertising, marketing, and brand building
5. Meeting working capital needs
6. Covering issue-related expenses
7. General corporate purposes
