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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Newmalayalam Steel Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹90
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,44,000
Issue Size
₹41.76 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
45.03%
QIB Quota
10.02%
NII Quota
44.95%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.8%
Promoter Holding (Post-Issue)
73.02%
Issue Type
Book Building - SME
ISIN
INE0TP801012
The Company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. Owing to the consistent efforts of its Promoters, it has been able to create a brand presence in Kerala, under the name of `Demac Steel'. Its products find extensive application in the general households of Kerala. Galvanised pipes and tubes are used for building the roofs to reduce heat and avoid leakage, further the galvanisation process offers an added advantage of increasing the life of the product and enhancing its quality by making it rust-free. Its products are therefore manufactured to provide an effective solution to the continuous damage caused to houses in Kerala on account of inclement weather condition. Accordingly, its products experience a constant demand on account of being an indispensable raw material in the construction industry in Kerala. In order to market and sell its products, it has established a widespread dealer base in Kerala through which the company sells its products to local contractors and retailers.
Revenue, profit after tax and total assets across the last 2 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 46,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 90 per equity share (including a share premium of Rs. 80 per equity share) for cash, aggregating up to Rs. 41.76 crores ("Public Issue") out of which 2,33,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 90 per equity share for cash, aggregating Rs. 2.10 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 44,06,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 90 per equity share for cash, aggregating up to Rs. 39.66 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.84 % and 25.49 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
India is the second largest steel producer in the world with an installed capacity of 154.1 MT in FY22. It is also the secondlargest consumer of finished steel with a consumption of 120 MT in FY23. The Indian steel sector has been able to grow over the years due to domestic availability of raw materials such as iron ore and cost-effective labour. In the last 10 years, finished steel production has grown at a CAGR of 2.8% to 122 MT in FY23 from 96 MT in FY14. The growth in production has been backed by a rise in domestic steel consumption on account of growing economic activities in the country supported by an increase in infrastructure and construction spending by the government, a rise in automobile and consumer durable demand, among others. Domestic finished steel consumption in India has increased at a CAGR of 5.5% to 120 MT in FY23 from 74 MT in FY14. After witnessing an uptrend in steel production, India observed a de-growth of 20.2% y-o-y in FY19 due to lower exports. Further, the outbreak of covid-19 pandemic resulted in a decrease in steel production in FY21, a degrowth of 6.3%.
Newmalayalam Steel Limited (the "Company" or the "Issuer") was incorporated on March 31, 2017 as `NewMalayalam Steel Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Deputy Registrar of Companies, Registrar of Companies, Central Registration Centre. Further, the Company was converted into a public limited company pursuant to a resolution passed by Board of Directors in their meeting held on December 15, 2023 and by its Shareholders in an Extraordinary General Meeting held on December 19, 2023 and consequently the name of the Company was changed to `NewMalayalam Steel Limited' and a fresh certificate of incorporation dated February 1, 2024 was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of the Company is U27209KL2017PLC048762.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25 to FY26.