New Malayalam Steel IPO GMP, Review, Price, Allotment

New Malayalam Steel IPO description – In 2018, New Malayalam Steel expanded its operations by setting up an additional electric resistance welding (ERW) tube mill with a production capacity of 3,500 MT at its manufacturing facility in Thrissur, Kerala. This strategic move enabled the company to start producing galvanized pipes, tubes, and sheets, which have become staples in Kerala households. These galvanized products serve a crucial role in roofing, offering benefits like heat reduction and leak prevention.

In 2019, to meet the growing demand and strengthen its market presence, the company expanded its manufacturing capacity by adding another electric resistance welding (ERW) tube mill with an installed capacity of 4,000 MT at its production facility. As of 30 September 2024, the company had 140 full-time employees. New Malayalam Steel implements a comprehensive marketing and branding strategy for its products. The company promotes its offerings through various channels, including:

• Shop branding
• Bus advertisements
• Advertisements at metro stations
• Hoardings displays
• Newspaper advertisements

Promoters of New Malayalam Steel – Vazhappily Davis Varghese, Divyakumar Jain, and Ankur Jain

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New Malayalam Steel IPO Details

New Malayalam Steel IPO Dates	19 – 23 December 2024
New Malayalam Steel Issue Price	INR 85 – 90 per share
Fresh issue	46,40,000 shares (INR 39.44 – 41.76 crore)
Offer For Sale	NIL
Total IPO size	46,40,000 shares (INR 39.44 – 41.76 crore)
Minimum bid (lot size)	1,600 shares (INR 1,44,000)
Face Value	INR 10 per share
Retail Allocation	45.03%
Listing On	NSE EMERGE

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New Malayalam Steel Financial Performance

	FY 2022	FY 2023	FY 2024	H1 FY 2025
Revenue	317.92	354.80	300.16	154.21
Expenses	314.56	351.91	297.48	148.37
Net income	6.73	6.01	4.27	5.19

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New Malayalam Steel Offer News

• New Malayalam Steel RHP
• New Malayalam Steel Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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New Malayalam Steel Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	5.32	4.75	3.38
PE ratio	–	–	25.15 – 26.63
RONW (%)	22.29	16.69	10.55
NAV	23.88	28.62	32.00
ROCE (%)	24.18	27.74	17.60
EBITDA (%)	4.03	3.40	3.39

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New Malayalam Steel IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

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New Malayalam Steel IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

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New Malayalam Steel IPO Allotment Status

New Malayalam Steel IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

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New Malayalam Steel IPO Dates & Listing Performance

IPO Opening Date	19 December 2024
IPO Closing Date	23 December 2024
Finalization of Basis of Allotment	24 December 2024
Initiation of refunds	26 December 2024
Transfer of shares to demat accounts	26 December 2024
IPO Listing Date	27 December 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

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New Malayalam Steel Offer Lead Manager

KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: [email protected]
Website: www.kslindia.com

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New Malayalam Steel Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 4067162222
E-mail: [email protected]
Website: www.kfintech.com

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New Malayalam Steel Contact Details

NEWMALAYALAM STEEL LIMITED
Door No. 2/546/A & 2/546/B Mala, Pallipuram PO,
Mala, Thrissur – 680 732, Kerala, India
Phone: +91 703 421 2002
E-mail: [email protected]
Website: www.demacsteel.com

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IPO FAQs