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Newmalayalam Steel IPO
38.74xsubscribed

Newmalayalam Steel IPO

Steel & Iron Products
listed
₹1.36LMin. investment

Newmalayalam Steel Limited IPO Details

SectorSteel & Iron Products
Price range₹85.00 – ₹90.00
IPO type
SME
Lot size1600 shares
Issue size₹41Cr
Red Herring Prospectus
Read
Market cap
₹155.59CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹300.16CrLower than sector avg
Growth rate3Y CAGR
-1.90%

Newmalayalam Steel IPO Timeline

  1. Pre-apply
    18 Dec 2024
  2. Bid start
    19 Dec 2024
  3. Bid end
    23 Dec 2024
  4. Allotment
    24 Dec 2024
  5. Release of funds
    26 Dec 2024
  6. Demat transfer
    26 Dec 2024
  7. Listing
    27 Dec 2024

About Newmalayalam Steel Limited

Incorporated in 2017, Newmalayalam Steel Limited took over the business of M/s. Demac Steel for ₹532.39 lakhs, paid via 53,238 equity shares and ₹938 by cheque. The company manufacture galvanized pipes, tubes, and sheets, primarily serving Kerala’s construction industry. In 2018, it installed a 3,500 MT tube mill and increased capacity to 4,000 MT in 2019. Its products, known for durability and rust resistance, are in constant demand due to Kerala's challenging weather. Its promoters, including Vazhappily Davis Varghese, have been key to expanding the business.

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Objectives of Newmalayalam Steel IPO

Business expansion
The company will spend ₹7.77 crore to upgrade the existing manufacturing facility.
Working capital requirements
The company will allocate ₹14.20 crore for its own working capital needs.
General corporate purposes
Part of the IPO proceeds will also be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPO₹300.16Cr-1.90%₹4.26Cr₹155.59Cr26.62
This sector (avg.)₹3,652.65Cr0%₹112.07Cr₹6,638.34Cr114.91
₹1,68,824Cr---₹3,491Cr₹2,96,623Cr39.88
₹2,18,542.51Cr---₹3,173.78Cr₹2,41,094.5Cr35.36
₹39,312.21Cr---₹2,499.72Cr₹67,753.99Cr23.05

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Newmalayalam Steel IPO Contact Details

Company NameNewmalayalam Steel Limited

How to apply for Newmalayalam Steel IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Newmalayalam Steel IPO FAQs