The New Malayalam Steel IPO minimum market lot is 1,600 shares with ₹1,44,000 application amount. The New Malayalam Steel IPO is a SME IPO, and it is to be listed on NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
New Malayalam Steel IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.00 | 0.00 | 0.00 |
| RII | 0.00 | 0.00 | 0.00 |
| Total | 0.00 | 0.00 | 0.00 |
New Malayalam Steel IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
New Malayalam Steel IPO Review and Rating
- May Apply
New Malayalam Steel IPO Form
How to apply for the New Malayalam Steel IPO? You can apply for New Malayalam Steel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the New Malayalam Steel IPO in the Invest section. The other option is you can apply for New Malayalam Steel IPO via IPO forms downloaded online. Check out the New Malayalam Steel forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
