NewMalayalam Steel Limited manufactures galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit in Kerala, India.
The company’s clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The products’ reputation and quality have helped Newmalayalam Steel Limited establish brand equity in the products marketed under the brand name “Demac Steel“.
Incorporated in 2017, the company took over the entire M/s business. Demac Steel, along with its assets and liabilities, is on a going concern basis (the “Transfer”).
Newmalayalam Steel IPO – Details
| IPO Opening Date | 19 December 2024 |
| IPO Closing Date | 23 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 46,40,000 Shares Worth ₹41.76 Crore Fresh Issue: 46,40,000 Shares Worth ₹41.76 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹85 – ₹90 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 10.02% |
| Retail Shares Offered | 45.03% |
| NII (HNI) Shares Offered | 44.95% |
Newmalayalam Steel IPO – Date Schedule
| IPO Open Date | 19 December 2024 |
| IPO Close Date | 23 December 2024 |
| Basis of Allotment | 24 December 2024 |
| Initiation of Refund | 26 December 2024 |
| Credit of Shares to Demat Account | 26 December 2024 |
| IPO Listing Date | 27 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
Newmalayalam Steel IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,44,000 |
| Retail (Max) | 1 | 1600 | ₹1,44,000 |
| HNI (Min) | 2 | 3200 | ₹2,88,000 |
Competitive Strengths
- Widespread distribution network and presence across various retail channels.
- Diversified Product Basket.
- Brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of the products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost-efficient sourcing and locational advantage.
Company Promoters
- Vazhappily Davis Varghese
- Divyakumar Jain
- Ankur Jain
- Mahendra Kumar Jain
- Molly Varghese
- Cyriac Varghese
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 323.60 | 314.56 | 6.73 | 49.20 |
| 31 March 2023 | 359.95 | 351.90 | 6.00 | 28.15 |
| 31 March 2024 | 303.14 | 297.47 | 4.26 | 59.11 |
| 30 September 2024 | 155.33 | 148.36 | 5.19 | 39.17 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| RoNW | 10.55% |
| PAT Margin | 1.41 |
| Price to Book Value | 2.81 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
Object Of The Issue
- IT / Technological Upgradation of existing manufacturing facility.
- Expansion of the existing solar facility for power generation.
- Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
- Advertising, Marketing and Brand Building.
- Funding incremental working capital requirements of the Company.
- Issue related expenses.
- General Corporate purposes.
Newmalayalam Steel IPO Promoter Holding
| Pre Issue Share Holding | 99.80% |
| Post Issue Share Holding | 73.02% |
Newmalayalam Steel IPO Prospectus
Company Contact Information
| Newmalayalam Steel Limited 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: https://demacsteel.com/ |
Newmalayalam Steel IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: nmsl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Newmalayalam Steel IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
Newmalayalam Steel IPO FAQs
| What is Newmalayalam Steel IPO? Newmalayalam Steel IPO is an SME IPO. The issue is priced at ₹85 and ₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Newmalayalam Steel IPO will open? The IPO is to open on 19 December 2024 for QIB, NII, and Retail Investors. |
| What is Newmalayalam Steel IPO Investors Portion? The investors’ portion for QIB- 10.02%, Retail – 45.03%, NII – 44.95%. |
| How to Apply the Newmalayalam Steel IPO? You can apply Newmalayalam Steel IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Newmalayalam Steel IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Newmalayalam Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Newmalayalam Steel IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Newmalayalam Steel IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Newmalayalam Steel IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Newmalayalam Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Newmalayalam Steel IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Newmalayalam Steel IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Newmalayalam Steel IPO Size? Newmalayalam Steel IPO size is ₹41.76 Crore. |
| What is Newmalayalam Steel IPO Price Band? Newmalayalam Steel IPO Price Band is ₹85 – ₹90. |
| What is Newmalayalam Steel IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 Shares with ₹1,44,000. |
| What is the Newmalayalam Steel IPO Allotment Date? Newmalayalam Steel IPO allotment date is 24 December 2024. |
| What is the Newmalayalam Steel IPO Listing Date? Newmalayalam Steel IPO listing date is 27 December 2024. The IPO is to be listed on NSE SME. |
