Newmalayalam Steel IPO Day 3: Newmalayalam Steel’s shares get subscribed 48.19x times on day 3Newmalayalam Steel IPO Day 3: Newmalayalam Steel’s shares get subscribed 48.19x times on day 3

Newmalayalam Steel Limited IPO witnessed significant demand on Day 3, achieving a 48.19x subscription. This strong response underscores investor confidence and enthusiasm, highlighting positive market sentiment towards the company’s growth potential and its promising prospects for the future.

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Newmalayalam Steel Limited IPO Subscription Status

Newmalayalam Steel IPO achieved a robust 5.45x subscription on Day 2, reflecting strong investor demand, positive market sentiment, and confidence in the company’s promising growth prospects and potential for future success.

How to check Newmalayalam Steel IPO Subscription Status?

Steps to check Newmalayalam Steel Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

• Visit NSE‘s official website.
• Navigate to the ‘Market Data’ tab.
• Choose ‘IPO’.
• Select the ‘Newmalayalam Steel Limited IPO’ to check its subscription status.
• Opt for either NSE Bid details or Consolidated Bid details.
• Explore the total number of bids received from various investors. 

Newmalayalam Steel Limited IPO Allotment Status

The allotment date for the Newmalayalam Steel Limited IPO is set for December 24, with shares priced from ₹85 to ₹90 per share and a face value of ₹10. The offering consists of lots of 1600 shares, with bids accepted for these lots or their multiples.

Newmalayalam Steel Limited IPO Listing Date 

Newmalayalam Steel Limited IPO is expected to be listed on the NSE SME on December 27, 2024.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.