New Malayalam Steel IPO Details
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 to ₹90 Per Share |
| Issue Size: | Approx ₹41.76 Crores |
| Fresh Issue: | Approx ₹41.76 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 45.03% |
| QIB Quota: | Not more than 10.02% |
| NII Quota: | Not more than 44.95% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
New Malayalam Steel IPO Market Lot
The New Malayalam Steel IPO minimum market lot is 1600 shares with ₹1,44,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,600 | ₹1,44,000 |
| Retail Maximum | 1 | 1,600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3,200 | ₹2,88,000 |
New Malayalam Steel IPO Dates
The New Malayalam Steel IPO date is December 19 and the close date is December 23. The New Malayalam Steel IPO allotment will be finalized on December 24 and the IPO listing on December 27.
| IPO Open Date: | December 19, 2024 |
| IPO Close Date: | December 23, 2024 |
| Basis of Allotment: | December 24, 2024 |
| Refunds: | December 26, 2024 |
| Credit to Demat Account: | December 26, 2024 |
| IPO Listing Date: | December 27, 2024 |
Promoters of New Malayalam Steel IPO
The promoters of the company are Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese And Cyriac Varghese.
About New Malayalam Steel IPO
New Malayalam Steel is one of the leading companies in the manufacture and supplier of steel tubes and pipes, founded in 2017. Owing to a wide range of steel products for different industries and contraction needs they are popular among the world. Moreover, they achieve customer satisfaction and build strong relationships with them by providing galvanized or black steel and having tubes and pipes in different sizes, wall thicknesses, and specifications. Further, in-depth knowledge and market research of the steel industry assists them in building a brand reputation for “Demac Steel”. They reduce operational costs by efficient manufacturing processes and supply chain management. In 2019, to keep up with increasing demand and enhance its position in the market, the company boosted its manufacturing capacity by adding a new electric resistance welding tube mill. The company promotes its products through different methods, such as Shop branding, Bus ads, Ads at metro stations, Billboard displays, and Newspaper ads.
New Malayalam Steel IPO Company Financial Report
The company reported revenue of ₹303.15 crores in 2024 against ₹359.96 crore in 2023. The company reported Profit of ₹4.27 crores in 2024 against Profit of ₹6.00 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹323.61 | ₹314.56 | ₹6.73 | ₹90.02 |
| 2023 | ₹359.96 | ₹351.91 | ₹6.00 | ₹87.35 |
| 2024 | ₹303.15 | ₹297.48 | ₹4.27 | ₹112.08 |
| September 2024 | ₹155.34 | ₹148.37 | ₹5.19 | ₹110.33 |
New Malayalam Steel IPO Valuation – FY2024
Check New Malayalam Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.55% |
| ROCE: | 17.60 |
| EBITDA Margin: | 3.39% |
| PAT Margin: | 1.41% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹3.38 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 10.55% |
| Net Asset Value (NAV): | ₹32.00 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Apollo Pipes Limited | 26.4 | 59.1 | 15.70% | 103.93 | 13,858.81 Cr. |
| Hariom Pipe Industries Steels | 20.4 | 32.8 | 12.24% | 149.72 | 1,153.17 Cr. |
Objects 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 our Company
- Issue related expenses
- General Corporate purposes
(Collectively, referred to herein as the ―Objects)
New Malayalam Steel IPO Review
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
New Malayalam Steel IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail:
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- Khandwala Securities Limited
Company Address
New Malayalam Steel Limited
Door No. 2/546/A &
2/546/B Mala,
Pallipuram P O,
Mala, Thrissur – 680732,
Kerala, India
Phone: +91 703 421 2002;
E-mail: [email protected];
Website: www.demacsteel.com
New Malayalam Steel IPO FAQs
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Note: The New Malayalam Steel IPO price band and date are officially announced. The (New Malayalam Steel IPO grey market premium) will be added to the IPO GMP page as it will start).
