Newmalayalam Steel Limited IPO Allotment Status
The allotment date for the Newmalayalam Steel Limited IPO is set for December 24, 2024, with shares priced at a range 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 Allotment Status Check
To ascertain their allocation status for the Newmalayalam Steel Limited IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Kfin Technologies Ltd Link.
IPO Allotment Status BSE
Here are steps to check Newmalayalam Steel Limited IPO allotment status on BSE website
Step 1: Visit BSE website
Step 2: Select ‘Equity’ under the Issue Type
Step 3: Choose Newmalayalam Steel Limited from the drop-down menu
Step 4: Enter Application No or PAN
Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”
Steps to check Newmalayalam Steel Limited allotment status on Kfin Technologies Ltd
Step 1: Visit IPO registrar website – Kfin Technologies Limited
Step 2: Select ‘Newmalayalam Steel Limited’ from the Select Company dropdown menu
Step 3: Choose from PAN, Application No, DP/Client ID, or Account No/IFSC
Step 4: Enter the details as per the option selected
Step 5: Hit the Submit button
Your Newmalayalam Steel Limited IPO allotment status will be reflected on the screen.
Newmalayalam Steel Limited IPO GMP Today
Newmalayalam Steel Limited IPO GMP (Grey Market Premium) is ₹30 as of December 23, 2024.
Newmalayalam Steel Limited IPO Subscription Status
Newmalayalam Steel Limited IPO saw a robust 5.45x subscription on Day 2, reflecting strong demand, positive market sentiment, and investor trust in the company’s growth potential. This encouraging response highlights optimism about the company’s long-term prospects and promising future.
Newmalayalam Steel Limited IPO Details
Newmalayalam Steel IPO, totaling Rs 41.76 crores, consists solely of a fresh issue of 46.40 lakh shares. The price band is set at ₹85 to ₹90 per share, with bidding from December 19-23, 2024. Expected allotment is on December 24, with a listing on NSE SME on December 27. Khandwala Securities manages the IPO with Kfin Technologies as the registrar.
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.