Newmalayalam Steel Limited
Bookbuilding IPO · NSE
- Price band
- ₹85 - ₹90
- Lot size
- 1,600 shares
- Issue amount
- ₹41.76 cr
- Total subscription
- 50.74×
- Opens
- 19 Dec 2024
- Closes
- 23 Dec 2024
- Allotment
- 24 Dec 2024
- Listing
- 27 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 46,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹41.76 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,26,47,600
- Shares after issue
- 1,72,87,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 1,600 | ₹1,44,000 |
| HNI | 2 | 3,200 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 12 |
| NIB | — | 8,591 |
| RETAIL | — | 1,08,758 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.97 | 5.03 |
| RETAIL | 17.86 | 1,566.12 |
| NIB | 17.83 | 441.13 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 4.11 | 3.38 | 4.75 |
| ROE | 11.37 | 10.55 | 16.59 |
| ROCE | 17.19 | 17.6 | 21.74 |
| RONW | 11.37 | 10.55 | 16.59 |
| Pre IPO | 0 | 26.67 | 0 |
| Post IPO | 14.98 | 26.67 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
NewMalayalam Steel Limited, incorporated in 2017, specializes in manufacturing galvanized pipes, tubes, and sheets, operating an electric resistance welding (ERW) tube mill with an installed capacity of 3,500 MT at its manufacturing unit in Kerala, India. The company markets its products under the brand name "Demac Steel," leveraging its strong reputation to build significant brand equity. Its clientele includes prominent firms such as Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited. The company began operations by taking over the entire business of M/s Demac Steel, including all assets and liabilities, on a going concern basis, ensuring continuity and growth under its current structure.
Strengths
- Extensive Distribution Network: Widespread reach across retail channels ensures strong market penetration.
- Diverse Product Portfolio: Offers galvanized pipes, tubes, and sheets catering to varied customer needs.
- Strong Brand Recall: Products under the well-known "Demac Steel" brand enjoy high brand equity and industry recognition.
Risk factors
- Dependence on Dealers: Heavy reliance on dealer sales makes the company vulnerable to revenue loss if key intermediaries underperform or are lost.
- Raw Material Availability: Dependence on pre-galvanized coils exposes the company to supply disruptions and price volatility, affecting operations and profitability.
- Reliance on Promoter Group Entities: Dependence on Jaihind Steel Private Limited for revenue and raw material procurement creates operational and financial vulnerability.
Promoters
Vazhappily Davis Varghese
Divyakumar Jain
Ankur Jain
Mahendra Kumar Jain
Molly Varghese
Cyriac Varghese
Registrar & documents
Lead manager
Khandwala Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Door No. 2/546/A & 2/546/B Mala Pallipuram P O, Mala, Thrissur 680 732, Kerala
+91 703 421 2002
[email protected]Company website ↗Understanding NMSTEEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.