New Malayalam Steel IPO is to open on December 19, 2024. It is a SME IPO that will raise ₹41.76 crores. The New Malayalam Steel Services IPO price band is fixed at ₹85 to ₹90 with a market lot of 1600 Shares.
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 GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | GMP Trend | Kostak | Subject to |
| 27 December | ₹30 |  | ₹- | ₹36,500 |
| 26 December | ₹30 | | ₹- | ₹36,500 |
| 25 December | ₹30 | | ₹- | ₹36,500 |
| 24 December | ₹30 | | ₹- | ₹36,500 |
| 23 December | ₹30 | | ₹- | ₹36,500 |
| 21 December | ₹30 | | ₹- | ₹36,500 |
| 20 December | ₹30 | | ₹- | ₹30,000 |
| 19 December | ₹- | – | ₹- | ₹- |
| 18 December | ₹- | – | ₹- | ₹- |
| 17 December | ₹- | – | ₹- | ₹- |
| 16 December | ₹- | – | ₹- | ₹- |
| 14 December | ₹- | – | ₹- | ₹- |
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 |
| 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 Dates
| 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 |
New Malayalam Steel IPO GMP aka Grey Market Premium FAQs:
What is New Malayalam Steel IPO GMP Today?
What is New Malayalam Steel IPO Kostak Rate Today?
What is New Malayalam Steel IPO Subject to Sauda Today?
What is New Malayalam Steel IPO Expected Returns?
Disclaimer:
- IPO Grey Market Premium (New Malayalam Steel IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.
