Newmalayalam Steel Limited (NSE SME)
Dec 19, 2024 - Dec 23, 2024
| Price | ₹85 - ₹90 |
| Premium | ₹30 |
|---|---|
| Lot size | 1600 |
| Allotment | Dec 24, 2024 |
| Listing | Dec 27, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 144000 | 1240 |
| HNI | 2 | 3200 | 288000 | 1238 |
Last updated on 23-Dec-2024 18:23:10
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 441600 | 558400 | 1.26 |
| NIB | 1980800 | 49014400 | 24.74 |
| RETAIL | 1984000 | 174012800 | 87.71 |
| Total | 4406400 | 223585600 | 50.74 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 12 |
| NIB | 8591 |
| RETAIL | 108758 |
| Total | 117361 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 3.97 | 5.03 | 1.26 |
| NIB | 17.83 | 441.13 | 24.74 |
| RETAIL | 17.86 | 1566.12 | 87.71 |
| Total | 39.66 | 2012.27 | 50.74 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.2 | @8% ₹0.2 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.3 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹3 | @8% ₹3.4 | @9% ₹3.8 | @10% ₹4.3 | @11% ₹4.7 | @12% ₹5.1 |
IPO Details
| Issue Size | 4640000 shares (aggregating up to 41.76 Cr) |
| Fresh Issue | 4640000 shares (aggregating up to 41.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,47,600 shares |
| Share Holding Post Issue | 1,72,87,600 shares |
| Market Maker's Portion | 2,33,600 shares |
| Market Maker | Aftertrade Broking Pvt Ltd |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 10% of the Net Issue |
| Retail Shares Offered | Not less than 45% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 45% of the Net Issue |
Key Performance Indicators
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 11.37% | 10.55% | 16.59% |
| ROCE | 17.19% | 17.60% | 21.74% |
| RONW | 11.37% | 10.55% | 16.59% |
| EPS (basic) | 4.11 | 3.38 | 4.75 |
| P/E Pre IPO | 26.67 | ||
| P/E Post IPO | 14.98 |
Company Financials Amount In Lakhs.
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 11,033 | 11,208 | 8,735 | 9,002 |
| Revenue | 15,534 | 30,315 | 35,996 | 32,361 |
| Profit After Tax | 519 | 427 | 600 | 673 |
| Net Worth | 4,566 | 4,047 | 3,620 | 3,020 |
| Reserves and Surplus | 3,302 | 2,782 | 2,356 | 1,755 |
| Total Borrowing | 3,918 | 5,911 | 2,815 | 4,920 |
About Company
Incorporated in 2017, NewMalayalam Steel Limited 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 their strong reputation and quality to establish significant brand equity. NewMalayalam Steel's clientele includes prominent firms such as Jaihind Steel Private Limited, Aashico Ventures LLP, and George Infra Private Limited, among others. The company commenced its 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.
Khandwala Securities Limited
Extensive Distribution Network: NewMalayalam Steel Limited benefits from a widespread distribution network, ensuring strong market penetration across various retail channels.
Diverse Product Portfolio: The company offers a diversified range of galvanized pipes, tubes, and sheets to cater to varied customer needs.
Strong Brand Recall: With its products marketed under the well-recognized "Demac Steel" brand, the company enjoys strong brand equity and an established track record in the industry.
Dependence on Dealers: A significant portion of revenue comes from dealers, and any decline in sales or loss of key intermediaries could negatively impact the company's business and operations.
Raw Material Availability: The company relies heavily on pre-galvanized coils, and any disruptions in supply or price fluctuations could adversely affect operations and profitability.
Reliance on Promoter Group Entities: Dependence on Jaihind Steel Private Limited for revenue and raw material procurement creates vulnerability to disruptions or loss of business from this entity, impacting overall performance.
Phone: 04067162222, 04079611000
Website: https://kosmic.kfintech.com/ipostatus/