Newmalayalam Steel Limited IPO
Newmalayalam Steel Limited IPO
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Following its successful public offering, Newmalayalam Steel Limited's made its market debut on 27-12-2024 and is now actively traded on the NSEplatform. The IPO mobilized 46,40,000 Shares in total capital, including 46,40,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹85 to ₹90 and minimum investment lots of 1600 shares. Investor participation during the subscription window from 19-12-2024 to 23-12-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 24-12-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Newmalayalam Steel IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Newmalayalam Steel IPO Strength Factors
- 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.
Newmalayalam Steel IPO 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.
Newmalayalam Steel IPO Lead Manager(s)
- Khandwala Securities Limited
Newmalayalam Steel IPO Promoter(s)
- Vazhappily Davis Varghese
- Divyakumar Jain
- Ankur Jain
- Mahendra Kumar Jain
- Molly Varghese
- Cyriac Varghese
Newmalayalam Steel IPO FAQs
Newmalayalam Steel Limited IPO subscribed 50.74 times. The public issue subscribed 87.71 times in the retail category,1.26times in QIB, and -- times in the HNI (10+) category byNovember 14, 2025 11:39:55 AM (Day 14).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Newmalayalam Steel IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Newmalayalam Steel IPO FAQs
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