Newmalayalam Steel Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 441,600 (10%) | — | ₹40 Cr |
| NII (HNI) | — | 1,980,800 (43%) | — | ₹1,783 Cr |
| Retail | — | 1,984,000 (43%) | — | ₹1,786 Cr |
| Market Maker | — | 233,600 (5%) | — | ₹21 Cr |
| Σ Total | — | 4,640,000 (100%) | — | ₹41,760 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 15,534 | 30,315 | 35,996 |
| Profit After Tax | 519 | 427 | 600 |
| Net Worth | 4,566 | 4,047 | 3,620 |
| Total Assets | 11,033 | 11,208 | 8,735 |
| Reserves & Surplus | 3,302 | 2,782 | 2,356 |
| Total Borrowing | 3,918 | 5,911 | 2,815 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the 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 –
Company Overview
NewMalayalam Steel Limited manufactures galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit in Kerala, India.
The company's clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The products' reputation and quality have helped Newmalayalam Steel Limited establish brand equity in the products marketed under the brand name "Demac Steel".
Incorporated in 2017, the company took over the entire M/s business. Demac Steel, along with its assets and liabilities, is on a going concern basis (the "Transfer").
Competitive Strengths:
- Widespread distribution network and presence across various retail channels.
- Diversified Product Basket.
- Brand recall and established track record.
- Existing client and supplier relationships.
- Quality Assurance and Quality Control of the products.
- Strategically located manufacturing facilities with modern infrastructure and integrated manufacturing facilities with a core focus on quality.
- Cost-efficient sourcing and locational advantage.