Newmalayalam Steel Limited IPO GMP

DEMAC is a leading and fast-growing business group in the construction materials sector in Kerala, renowned for its excellence as one of the top galvanized steel pipe manufacturers in the region. Since its inception, the DEMAC Group strives for excellence in all aspects of its activities, and their efforts have been recognized by various international and national agencies including ISO and ISI.

Newmalayalam Steel, an Book Built Issue amounting to ₹41.76 Crores, consisting entirely an Fresh Issue of 46.4 Lakh Shares. The subscription period for the Newmalayalam Steel IPO opens on December 19, 2024, and closes on December 23, 2024. The allotment is expected to be finalized on or about Tuesday, December 24, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, December 27, 2024.

The Share price band of Newmalayalam Steel IPO is set at ₹85 to ₹90 per equity share. The Market Capitalisation of the Newmalayalam Steel Limited at IPO price of ₹90 per equity share will be ₹155.59 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹2,88,000.

KHANDWALA SECURITIES LIMITED is the book-running lead manager while KFin TECHNOLOGIES LIMITED is the registrar for the Issue. Aftertrade Broking Private Limited is the Market Maker for Newmalayalam Steel IPO.

Newmalayalam Steel Limited IPO GMP Today
The Grey Market Premium of Newmalayalam Steel Limited IPO is expected to be ₹14 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Newmalayalam Steel Limited Day Wise IPO GMP Trend 

Newmalayalam Steel Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 23 December 2024, the Newmalayalam Steel IPO live subscription status shows that the IPO subscribed 48.19 times on its Final day of subscription period. Check the Newmalayalam Steel IPO Live Subscription Status Today at NSE.

Newmalayalam Steel Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Newmalayalam Steel IPO allotment date is 24 December, 2024, Tuesday. Newmalayalam Steel IPO Allotment will be out on 24th December 2024 and will be live on Registrar Website from the allotment date. Check Newmalayalam Steel IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Newmalayalam Steel Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Newmalayalam Steel Limited IPO
Newmalayalam Steel proposes to utilise the Net Proceeds towards the following objects: 
1. ₹287.62 Lakh is required for IT / Technological Upgradation of existing manufacturing facility
2. ₹234.33 Lakh is required forExpansion of the existing solar facility for power generation
3. ₹255.95 Lakh is required forFunding of expenditure towards civil construction of new factory shed cum storage facility within the existing factory premises situated at Kerala.
4. ₹505.55 Lakh is required forAdvertising, Marketing and Brand Building
5. ₹1,420.00 Lakh is required forFunding incremental working capital requirements of our Company
6. Issue related expenses
7. General Corporate purposes

Refer to Newmalayalam Steel Limited RHP for more details about the Company.