New Malayalam Steel IPO Details
The key details of New Malayalam Steel’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹41.76 Cr |
| Price Range | ₹85 - ₹90 |
| Retail Quota | 45.03% |
| QIB Quota | 10.02% |
| NII Quota | 44.95% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹144,000 |
| Pre IPO Promotor Holding | 99.80% |
| Post IPO Promotor Holding | 73.02% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
New Malayalam Steel IPO Timelines
The IPO process for New Malayalam Steel includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
19/12/2024
Start Date23/12/2024
End Date26/12/2024
Refund Initiation26/12/2024
Credit of Shares to Demat Ac27/12/2024
Listing DateNew Malayalam Steel IPO Lot Size
The New Malayalam Steel IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹90 per share, requiring ₹144,000 per lot for retail investors. For HNI investors, the minimum application is 3,200 shares (2 lots) amounting to ₹288,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,44,000 |
| Retail Maximum | 1 | 1600 | ₹1,44,000 |
| S-HNI Minimum | 2 | 3200 | ₹2,88,000 |
New Malayalam Steel IPO Subscription Status
The subscription status for New Malayalam Steel IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.26x | 24.63x | 87.70x | -- | 50.69x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹90 | ₹85.50 | ₹90 | ₹85.50 |
New Malayalam Steel IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹323.61 | ₹314.56 | ₹6.73 |
| FY 2023 | ₹359.96 | ₹351.91 | ₹6.00 |
| FY 2024 | ₹303.15 | ₹297.48 | ₹4.27 |
| FY 2025 (6 M) | ₹155.34 | ₹148.37 | ₹5.19 |
About Company
DEMAC, under NewMalayalam Steel Limited, is a prominent player in Kerala’s construction materials sector, specializing in manufacturing high-quality galvanized steel pipes, tubes, and sheets. Equipped with state-of-the-art facilities, the company produces corrosion-resistant and durable products catering to diverse sectors, including construction, plumbing, and industrial applications. Recognized for its excellence, DEMAC has received prestigious awards like the National Award from COSIDICI and the KFC State Award for Best Industry, reflecting its commitment to quality and growth.
Incorporated in 2017, NewMalayalam Steel Limited took over the operations of DEMAC Steel, establishing itself as a trusted brand in the industry. With an electric resistance welding tube mill and an installed capacity of 3,500 MT, the company serves prominent clients like Jaihind Steel, Aashico Ventures, and George Infra. Its strong brand equity and dedication to quality have made DEMAC Steel a leader in Kerala’s construction materials market.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2017 | Manufacturing | Varghese Davis |
Know Before Investing
New Malayalam Steel IPO Strengths
- A robust distribution network ensures product availability across diverse retail channels, enhancing customer reach.
- The company offers a wide range of products catering to various consumer needs, reducing dependency on a single category.
- A well-recognized brand with a proven history of success builds trust and loyalty among customers.
- Rigorous quality checks at every stage ensure high standards and customer satisfaction.
- Modern facilities in strategic locations optimize production efficiency and reduce logistical costs.
New Malayalam Steel IPO Risks
- The company reported a decrease in revenue from ₹359.96 crore in 2023 to ₹303.15 crore in 2024, indicating potential financial instability.
- Profit margins have remained low, with a PAT margin of only 1.41%, making profitability sensitive to cost fluctuations.
- Operations are primarily concentrated in Kerala, exposing the company to regional economic downturns and limited market diversification.
- The company is vulnerable to fluctuations in raw material prices, which could significantly impact production costs and overall profitability.
- Changes in government policies or regulations could affect operations and lead to increased compliance costs.
Swot Analysis for New Malayalam Steel IPO
Strengths
New Malayalam Steel, Diverse Product Range, Strong Local Presence, Modern Manufacturing Facilities
Weaknesses
Geographical Concentration, Modest Scale of Operations, High Operational Costs
Opportunities
Growing Infrastructure Demand, Expansion Potential, Technological Advancements
Threats
Intense Competition, Economic Volatility, Regulatory Compliance Risks
Company Details
Newmalayalam Steel Limited
Door No. 2/546/A & 2/546/B Mala
Pallipuram P O, Mala, Thrissur
680 732, Kerala
Phone: +91 703 421 2002
Email: info@demacsteel.com
Website: https://demacsteel.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email:
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of New Malayalam Steel IPO are:
- IT and technological upgrades for the manufacturing facility
- Expansion of the existing solar power facility
- Construction of a new factory shed and storage facility in Kerala
- Advertising, marketing, and brand building initiatives
- Funding incremental working capital requirements
- Covering issue-related expenses
- General corporate purposes
Khandwala Securities Limited is the book-running lead managers for the New Malayalam Steel IPO.