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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% | ₹19.65 (-0.76%) |
| Excellent Wires & Packaging Ltd. | SME | ₹12.60 Cr | ₹90 | 33.3 | ₹82.05 | -8.83% | ₹205.60 (-0.68%) |
| Aditya Ultra Steel Ltd. | SME | ₹45.88 Cr | ₹62 | 13.64 | ₹66.40 | +7.10% | ₹24.65 (-4.83%) |
| Jay Bee Laminations Ltd. | SME | ₹88.96 Cr | ₹146 | 13.58 | ₹291.25 | +99.49% | ₹91.80 (-6.99%) |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹107.60 (-4.99%) |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹55.90 (+2.19%) |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.00 (-0.38%) |
| Bansal Wire Industries Ltd. | Mainboard | ₹745.00 Cr | ₹256 | 41.41 | ₹350.35 | +36.86% | ₹313.70 (-0.74%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.91 (+0.49%) |
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
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"). 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. + Read More
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