New Malayalam Steel IPO Date, Review, Price, Allotment Details
Aditya | January 27, 2025
New Malayalam Steel IPO open date is December 19, 2024, and the IPO will close on December 23, 2024. New Malayalam Steel IPO is a Book Built Issue. The company aims to raise ₹41.76 crores via IPO, consisting of a fresh issue of ₹41.76 crores. The price band for the IPO is ₹85 to ₹90 per share. The retail quota is 45.03%, QIB is 10.02%, and HNI is 44.95%. New Malayalam Steel IPO is set to list on NSE on December 27, 2024. The allotment date for New Malayalam Steel IPO is December 24, 2024. The company reported revenue of ₹303.15 crores in 2024, a decrease from ₹359.96 crores in 2023. New Malayalam Steel reported a profit of ₹4.27 crores in 2024, compared to ₹6.00 crores in 2023. Given the financials, IPO investors should consider long-term investment in the company.
New Malayalam Steel IPO Details
Field
Value
est listing
120 (33.33%)
gain percentage
0%
gmp
30
ipo size
₹ 41.76 Cr
ipo title
Newmalayalam Steel NSE SME
price
90
status
Listed
subscription
50.69x
New Malayalam Steel IPO Dates
Field
Value
boa dt
24-Dec
close
23-Dec
listing
27-Dec
lot
1,600
open
19-Dec
New Malayalam Steel IPO Financial Report
New Malayalam Steel reported a revenue of ₹303.15 crores in 2024, a decrease compared to ₹359.96 crores in 2023. The company reported a profit of ₹4.27 crores in 2024, compared to ₹6.00 crores in 2023.
No Data Available
About New Malayalam Steel IPO
New Malayalam Steel, established in 2017, is one of the prominent manufacturers and suppliers of steel tubes and pipes in India. The company specializes in producing a wide variety of galvanized or black steel products with various sizes, wall thicknesses, and specifications. In 2019, they enhanced their manufacturing capacity by adding an electric resistance welding tube mill, improving efficiency and quality to meet growing demand.
New Malayalam Steel IPO FAQs
What is New Malayalam Steel IPO?
New Malayalam Steel IPO is an SME IPO aiming to raise ₹41.76 crores, with a price band of ₹85 to ₹90 per share, listed on NSE.
When will New Malayalam Steel IPO open for subscription?
The IPO will open on December 19, 2024, and close on December 23, 2024.
What is the New Malayalam Steel IPO investors’ portion?
The allocation for QIB is 10.02%, NII is 44.95%, and Retail is 45.03%.
How to apply for New Malayalam Steel IPO?
Apply via ASBA online through your bank account, or use UPI through stock brokers, or submit offline applications through brokers.
What is the issue size of New Malayalam Steel IPO?
The issue size is ₹41.76 crores.
What is the price band for the IPO?
The price band is ₹85 to ₹90 per share.
What is the lot size for New Malayalam Steel IPO?
The minimum bid size is 1600 shares, with an investment amount of ₹1,44,000.
When is the New Malayalam Steel IPO allotment date?
The allotment date is December 24, 2024.
What is the listing date of New Malayalam Steel IPO?
The listing date for the IPO is December 27, 2024, on NSE.
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