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Open
19 Dec 2024
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Close
23 Dec 2024
3
Allotment
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Listing
Fri, Dec 27, 2024
Price Band
₹85 to ₹90
Issue Size
46,40,000 shares (agg. up to ₹42 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Dec 27, 2024
Latest GMP
₹30
Est. Gain
33.33%
✦ AI Insight
GMP Trend
27-12-2024₹30Est. ₹120+33.33%
26-12-2024₹30Est. ₹120+33.33%
25-12-2024₹30Est. ₹120+33.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 50.42x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 110.33 | 112.08 | 87.35 | 90.02 |
| Total Income | 155.34 | 303.15 | 359.96 | 323.61 |
| Profit After Tax | 5.19 | 4.27 | 6.00 | 6.73 |
| NET Worth | 45.66 | 40.47 | 36.20 | 30.20 |
| Reserves and Surplus | 33.02 | 27.82 | 23.56 | 17.55 |
| Total Borrowing | 39.18 | 59.11 | 28.15 | 49.20 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kalana Ispat Ltd. | SME | ₹32.59 Cr | ₹66 | 22.59 | ₹47.40 | -28.18% | ₹21.00 |
| Excellent Wires & Packaging Ltd. | SME | ₹12.60 Cr | ₹90 | 33.3 | ₹82.05 | -8.83% | ₹207.00 |
| Aditya Ultra Steel Ltd. | SME | ₹45.88 Cr | ₹62 | 13.64 | ₹66.40 | +7.10% | ₹24.55 |
| Jay Bee Laminations Ltd. | SME | ₹88.96 Cr | ₹146 | 13.58 | ₹291.25 | +99.49% | ₹90.25 |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹52.70 |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹42.20 |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.10 |
| Bansal Wire Industries Ltd. | Mainboard | ₹745.00 Cr | ₹256 | 41.41 | ₹350.35 | +36.86% | ₹304.35 |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹123.41 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | IT / Technological Upgradation of existing manufacturing facility | 2.88 |
| 2 | Expansion of the existing solar facility for power generation | 2.34 |
| 3 | Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala | 2.56 |
| 4 | Advertising, Marketing and Brand Building | 5.06 |
| 5 | Funding incremental working capital requirements of our Company | 14.20 |
| 6 | General Corporate purposes# | 10.36 |
About Newmalayalam Steel IPO
Updated on Aug 5, 2026
Contact Details
Newmalayalam Steel Ltd. AddressDoor No.2/546/A & 2/546/B MalaPallipuram P OMalaThrissur, Kerala, 680732+91 703 421 2002info@demacsteel.comVisit Website