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Newmalayalam Steel IPO is a Book Building IPO listing on NSE EMERGE exchange. The company is based in Kerala and caters to Steel sector. Khandwala Securities is the merchant banker of Newmalayalam Steel IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd April 2024.
Newmalayalam Steel IPO open date is 19th December 2024 and close date is 23rd December 2024. IPO Allotment Date is 24th December 2024 and Listing date is 27th December 2024.
IPO
Size:
₹ 41.76 Cr.
Avg IPO Size (Sector Based)
: ₹
29.33 cr.
Sector: Steel
SME
IPO so far:
43
Merchant Banker:
Khandwala Securities
SME
IPO by BRLM so far:
11
City:
Kerala
SME
IPO so far:
1
Revenue (annualised):
₹
310.66
cr. 
PE
Ratio:
14.98x
Average Sector PE Ratio: 16.09x
Newmalayalam Steel IPO size is ₹ 41.76 Cr. with IPO price of ₹ 90.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Khandwala Securities Limited is the book-running lead manager of the Newmalayalam Steel IPO. KFin Technologies Limited is the Registrar and Market Maker is Aftertrade Broking Private Limited for Newmalayalam Steel IPO.
Newmalayalam Steel IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Newmalayalam Steel IPO, based in Kerala, operates in the Steel sector with a focus on manufactures galvanised pipes, tubes, and sheets.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Newmalayalam Steel IPO size is ₹ 41.76 Cr. with fresh issue size of ₹ 41.76 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Newmalayalam Steel IPO is expected to be 24th December 2024, after the finalization of basis of allotment. Investors can check Newmalayalam Steel IPO allotment status on the registrars website, KFin Technologies Limited. Newmalayalam Steel IPO refund dates are 26th December 2024.
Newmalayalam Steel IPO is expected to be listed on 27th December 2024.
The upper price band for the Newmalayalam Steel IPO is set at ₹ 90.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Newmalayalam Steel IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Newmalayalam Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 23rd December 2024. After submission, funds are blocked until the basis of allotment of Newmalayalam Steel IPO is finalised.
The merchant banker for Newmalayalam Steel IPO is Khandwala Securities Limited . Khandwala Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Newmalayalam Steel IPO RHP for further details.
The registrar for Newmalayalam Steel IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Newmalayalam Steel IPO through their official website or helpline.
Newmalayalam Steel IPO was subscribed 50.69 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 41.76 Cr.
Avg IPO Size (Sector Based)
:
₹ 29.33 Cr.
Sector: Steel
SME
IPO so far:
43
Merchant Banker:
Khandwala Securities
SME
IPO by BRLM so far:
11
City:
Kerala
SME
IPO so far:
1
Revenue (annualised):
₹ 308.42 cr.
PE
Ratio:
14.98x
Average Sector PE Ratio: 16.09x
Newmalayalam Steel IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Newmalayalam Steel Financial Review Page
Merchant Banker(s) of Newmalayalam Steel IPO: Khandwala Securities Limited
Newmalayalam Steel IPO subscription was 50.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Newmalayalam Steel IPO listed at a listing price of 85.50 against the offer price of 90.00.
The current market price of Newmalayalam Steel is 27.85.
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