New Malayalam Steel IPO Details
| IPO Issue Open Date: | 19 December 2024 |
| IPO Issue Close Date: | 23 December 2024 |
| IPO Issue Price Band: | ₹85 to ₹90 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹41.76 Crores | 46,40,000 shares |
| Fresh Issue: | ₹41.76 Crores | 46,40,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| IPO Retail Quota: | Not more than 45.03% |
| QIB Quota: | Not more than 10.02% |
| NII Quota: | Not more than 44.95% |
| Employee Discount: | ₹[.] per share |
New Malayalam Steel IPO Prospectus:
Checkout the New Malayalam Steel IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
New Malayalam Steel IPO Dates Timeline
| Issue Open Date: | 19 December 2024 |
| Issue Close Date: | 23 December 2024 |
| Basis of Allotment Date: | 24 December 2024 |
| Refunds Initiation: | 26 December 2024 |
| Shares Credit in Demat: | 26 December 2024 |
| IPO Listing Date Detail: | 27 December 2024 |
New Malayalam Steel IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1600 shares = ₹1,44,000 |
| Retail (Max) | 1 lots and 1600 shares = ₹1,44,000 |
| S-HNI (Min) | 2 lots and 3200 shares = ₹2,88,000 |
| B-HNI Minimum | – |
New Malayalam Steel IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| 23th Dec | ₹30 | ₹36,500 | ₹- | 33% |
| 20th Dec | ₹30 | ₹30,000 | ₹- | 33% |
| 19th Dec | ₹- | ₹- | ₹- | ₹- |
| 18th Dec | ₹- | ₹- | ₹- | ₹- |
| 17th Dec | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About New Malayalam Steel
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 around 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 Strengths
- Widespread distribution network and presence across various retail channels.
- Quality Assurance and Quality Control of our products.
- Existing client and supplier relationships
- Well experienced management team with proven project management and implementation skills.
Objects of the IPO 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 the Company
- Issue related expenses
- General Corporate purposes
New Malayalam Steel Company Financial Report
The company reported revenue of ₹303.15 crores in 2024 against ₹359.96 crores in 2023. The company reported a profit of ₹4.27 crores in 2024 against a 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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. |
New Malayalam Steel IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail:
Website: https://ris.kfintech.com/
New Malayalam Steel IPO Lead Manager
- Khandwala Securities Limited
New Malayalam Steel IPO allotment status noq on Link Intime website. Click on KFin Technologies Limited to get allotment status.
Promoters of New Malayalam Steel
- Vazhappily Davis Varghese
- Ankur Jain
- Divyakumar Jain
- Mahendra Kumar Jain
- Molly Varghese
- Cyriac Varghese
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: info@demacsteel.com;
Website: www.demacsteel.com