Newmalayalam Steel IPO Allotment Status

Summary

Newmalayalam Steel IPO has closed with a strong response from investors, achieving a notable final subscription of 50.69 times by December 23, 2024 at 6:19:59 PM (Day 3). The public issue demonstrated significant investor interest across categories, with the Retail Investors segment leading the momentum. The Retail category showed robust enthusiasm with 87.70 times subscription, reflecting strong individual investor confidence. The Non-Institutional Investors (NII) category displayed solid interest with 24.63 times subscription, while the QIB portion achieved 1.26 times subscription. The Market Maker portion was fully subscribed. This book built SME issue has attracted a total of 1,17,354 applications, indicating substantial market interest in the company's steel manufacturing business.

How to Check Newmalayalam Steel IPO Allotment Status:

How to Check Newmalayalam Steel IPO Allotment Status on the Registrar's Site?

• Visit the web portal of Kfin Technologies Limited (https://ipostatus.kfintech.com/)
• From the dropdown menu, select Newmalayalam Steel IPO
• Choose one of the following modes: PAN ID, Demat Account number, or Application number
• Enter the information relevant to the mode you have chosen
• For security purposes, fill out the captcha accurately
• Click "Submit"

How to Check Newmalayalam Steel IPO Allotment Status on NSE SME:

• Visit the NSE SME website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)
• Look for the IPO Allotment Status section
• Select "Newmalayalam Steel Limited" from the dropdown menu
• Enter your application number and PAN ID
• Click on 'I am not a robot' and then click "Search"
   

How to Check IPO Allotment Status in a Bank Account:

• Log into your Internet Banking: Go to your bank's website or mobile app and log in.
• Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.
• Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.
• Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.
• Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

• Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).
• Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.
• Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.
• Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.
• Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Newmalayalam Steel IPO Timeline:

Newmalayalam IPO Subscription Status 

Newmalayalam Steel IPO received 50.69 times subscription with 1,17,354 applications. By December 23, 2024 at 6:19:59 PM (Day 3), the detailed subscription status revealed:

Subscription Day 3 (Final)

Total Subscription: 50.69 times
QIB: 1.26 times 
NII: 24.63 times 
Retail investors: 87.70 times 

Subscription Day 2 (December 20, 2024)

Total Subscription: 5.86 times
QIB: 1.06 times
NII: 1.13 times
Retail investors: 11.64 times

Subscription Day 1 (December 19, 2024)

Total Subscription: 2.38 times
QIB: 1.06 times
NII: 0.44 times
Retail investors: 4.62 times
 

Newmalayalam Steel IPO Details 

Newmalayalam Steel's initial public offering (IPO) is a book built issue of ₹41.76 crores. This offering consists entirely of a fresh issue of 46.40 lakh shares.

The bidding process commenced on December 19, 2024 and concluded on December 23, 2024. The allotment results are anticipated to be finalised on December 24, 2024. Furthermore, the shares of Newmalayalam Steel are set to be listed on NSE SME, with a provisional listing date scheduled for December 27, 2024.

The price band is set at ₹85-90 per share. Investors must apply for a minimum lot size of 1,600 shares, which requires a minimum investment of ₹1,44,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (3,200 shares), totalling ₹2,88,000.

Khandwala Securities Limited serves as the book running lead manager for the IPO, while Kfin Technologies Limited is designated as the registrar for this offering. Aftertrade Broking Pvt Ltd is the market maker for this offering.