New Malayalam Steel Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 85 to ₹ 90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 46,40,000 shares (aggregating up to ₹ 41.76 Cr) |
| Fresh Issue | 46,40,000 shares (aggregating up to ₹ 41.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,26,47,600 shares |
| Shareholding post issue | 1,72,87,600 shares |
| Market Maker portion | 2,33,600 shares |
About New Malayalam Steel Limited IPO
NewMalayalam Steel Limited is a prominent manufacturer of galvanized pipes, tubes, and sheets. The company operates an advanced electric resistance welding tube mill, boasting an impressive installed capacity of 3,500 metric tonnes. Situated in the scenic state of Kerala, India, this manufacturing unit is equipped with state-of-the-art technology, ensuring high-quality production and efficiency.
The company has cultivated a strong client base, including notable names such as Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited, among others. These partnerships highlight the trust and reliance industry leaders place on NewMalayalam Steele Limited's products. The company’s commitment to quality and innovation has significantly contributed to its reputation, leading to the establishment of substantial brand equity in the competitive steel market. Products are marketed under the esteemed brand name "Demac Steel," known for their durability and reliability.
Incorporated in 2017, NewMalayalam Steel Limited made strategic moves to enhance its market position. The company undertook a crucial acquisition by taking over the entire business operations of M/s Demac Steel. This acquisition included all assets and liabilities, conducted on a going concern basis, commonly referred to as the "Transfer." This strategic decision enabled NewMalayalam Steel Limited to expand its operational capabilities and product offerings, ensuring seamless continuity in production and service delivery.
Through innovation, strategic partnerships, and a commitment to excellence, NewMalayalam Steel Limited continues to strengthen its foothold in the steel industry, delivering superior products that meet the diverse needs of its clients while fostering growth and sustainability.
New Malayalam Steel IPO Overview:
- Total Issue Size:₹41.76 crores
- Shares Offered:46.40 lakh shares (entirely a fresh issue)
- Price Per Share:₹85 to ₹90 per share
- Subscription Period;December 19, 2024 to December 23, 2024
- Minimum Lot Size:1,600 shares
- Lead Managers:Khandwala Securities Limited
- Registrar:Kfin Technologies Limited
- Market Maker:Aftertrade Broking Pvt Ltd
New Malayalam Steel IPO Objectives:
The company proposes to utilize the Net Proceeds from the offer towards funding the following objectives:
1. IT / Technological Upgradation of existing manufacturing facility.
2. Expansion of the existing solar facility for power generation.
3. Funding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
4. Advertising, Marketing and Brand Building
5. Funding incremental working capital requirements of the Company.
6. Issue related expenses.
7. General Corporate purposes.
New Malayalam Steel Limited IPO Financial Information
Latest Revenue
15,533.82
₹ Crore
Profit After Tax
519.30
₹ Crore
Net Worth
4,566.44
₹ Crore
Total Borrowing
3,917.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 11,032.77 | 15,533.82 | 519.30 | 4,566.44 | 3,917.94 | ||||
| 31 Mar 2024 | 11,208.19 | 30,314.80 | 426.86 | 4,047.14 | 5,911.15 | ||||
| 31 Mar 2023 | 8,734.83 | 35,995.71 | 600.49 | 3,620.28 | 2,815.22 | ||||
| 31 Mar 2022 | 9,001.66 | 32,360.91 | 673.06 | 3,019.79 | 4,920.06 | ||||
| Amount in ₹ Crore | |||||||||
New Malayalam Steel Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| RoNW | 10.55% |
| P/BV | 2.81 |
| PAT Margin (%) | 1.41 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.38 | 6.01 |
| P/E (x) | 26.67 | 14.98 |
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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.
Download regulatory filings
New Malayalam Steel Limited IPO Timeline
| IPO Open Date | Thursday, December 19, 2024 |
| IPO Close Date | Monday, December 23, 2024 |
| Basis of Allotment | Tuesday, December 24, 2024 |
| Initiation of Refunds | Thursday, December 26, 2024 |
| Credit of Shares to Demat | Thursday, December 26, 2024 |
| Listing Date | Friday, December 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |